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kmappon Dec 03, 2015 9:11am
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Saudi floats idea to lift oil prices but Iran, Russia reject
Saudi floats idea to lift oil prices but Iran, Russia rejecthttps://ca.finance.yahoo.com/news/saudi-floats-idea-lift-oil-125253445.html
Reuters – 1 hour 10 minutes ago IENNA (Reuters) - Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years although fellow producers Iran and Russia on Thursday rejected its main idea of cutting output.
Saudi Arabia, the largest oil producer in the Organisation of the Petroleum Exporting Countries (OPEC), might propose members cut oil output by 1 million barrels per day next year if non-OPEC countries joined in, industry publication Energy Intelligence reported.