Iran Backs Oil Producer Freeze Without Pledging Supply Curbs

February 17, 2016 6:48 PM

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Iran supported an accord by Saudi Arabia and Russia to steady global oil markets by capping their supply, without saying whether it would curb its own production.

Iran backs any measures to stabilize markets including the output freeze agreed by the world’s two largest crude producers Tuesday, Oil Minister Bijan Namdar Zanganeh said after talks with fellow OPEC members Qatar, Iraq and Venezuela Wednesday, according to a report from Oil Ministry news service S...

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