Saudi Official Quells Talk Of Output Freeze, Oil Prices Fall

February 18, 2016 4:53 PM

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Saudi Arabia may be going back on its pledge to cut production if certain conditions are met, according to a report from AFP.

"If other producers want to limit or agree to a freeze in terms of additional production that may have an impact on the market but Saudi Arabia is not prepared to cut production," Saudi Finance Minister Adel al-Jubeir was quotes as saying.

Also read: Ahead of promised cut, Russia's oil output hits record high

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