02-09-2016 09:42 via uk.news.yahoo.com

Putin says oil output freeze would be right decision - Bloomberg

By Christian Lowe and Maria Tsvetkova MOSCOW (Reuters) - Russian President Vladimir Putin said an agreement between oil exporters to freeze output would be the right decision for the global market and Iran should compromise to achieve a deal. Attempts by OPEC and non-OPEC oil exporters to reach a pact on stablising production levels earlier this year foundered because Iran, which is anxious to increase exports after the lifting of international sanctions, declined to participate. "I think that f
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