Off the wire
• Singapore's housing rental prices decline in March  • Australia to host southern hemisphere's 1st ocean acidification conference   • Roundup: China's top political adviser in Gabon to promote ties  • Mexico has over 3,000 monogenetic volcanoes that could erupt: expert  • OECD suggests Japan hikes sales tax to 15 pct to achieve fiscal sustainability, cites growing debt-GDP ratio  • 1st LD: Syrian parliamentary elections begin amid opposition boycott  • Taliban offensives in eastern Afghanistan fail as 13 militants killed: Police  • S.Korea rejects return of 13 defectors to DPRK  • "Good start" for Chinese economy in Q1: economic planner  • S.Korea posts surplus in industrial parts, components for 20 quarters  
You are here: 　 Home

Russia sees hope for oil output freeze deal

Xinhua, April 13, 2016 Adjust font size:

Russia sees hope for a deal among the world's leading oil-exporting countries on freezing output regardless of Iran's plans to add more barrels to the market, Kremlin spokesman Dmitry Peskov said Tuesday.

Peskov was quoted by the Russian news agency RIA Novosti as saying that "there is hope" that an agreement on the freezing of oil production can be achieved in Doha on April 17, regardless of resistance from Iran.

Russian Energy Minister Alexander Novak and Saudi Petroleum Minister Ali al-Naimi also discussed prospects for an oil production freezing over the phone, Peskov said.

At least 16 nations including the world's two largest crude oil producers will gather in Doha on April 17 to discuss freezing output at January levels in order to stabilize an oversupplied oil market. Endi