MonitorsPublished on May 07, 2016
Energy News Monitor | Volume XII; Issue 47

April 2016: Saudi Arabia decides to go into Rehab

Lydia Powell, Akhilesh Sati and Ashish Gupta

The world waited for Saudi Arabia and Iran to make statements on whether or not they will cut oil production to boost prices. Eventually Saudi Arabia declared that it will cut production only if Iran agrees to do likewise and Iran said that it will freeze production only after production reaches pre-sanction levels.

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