Saudi and Russia Just Agreed To Freeze Crude Oil Output

  • Naira
  • February 16, 2016

Major news coming out of Doha reveals Saudi Arabia and Russia have agreed to freeze output at January production levels. The two largest producers of oil in the world met in Doha, Qatar today in a meeting that have been months in the making agreeing to freeze production in the hope that prices will climb back up.

Smaller producing countries like Venezuela & Nigeria have been clamouring for an emergency meeting to help stem the outflow of production.

More to follow….

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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