Russia and Saudi Arabia to freeze oil export

The world's two largest exporters of crude oil, Saudi Arabia and Russia, have agreed to freeze their oil production.

BY PETER SIMONSEN, FINANS, AND RITZAU FINANS

Saudi Arabia and Russia are now trying to end the massive oversupply of oil on the global market. After a meeting in Doha, the two oil nations have decided to maintain their oil production at the same level as on January 11th, informs the Saudi Minister of Petroleum, Ali Al-Naimi, according to several international media sources.

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