Top oil officials from Saudi Arabia,Russia and several key Opec members to discuss supply glutOil prices surged temporarily on Tuesday, reaching their highest levels in more than a week after Russia and Saudi Arabia provided the markets with hope of an eventual deal to tackle a deep supply glut. Representatives from two of the world’s biggest oil producers agreed to freeze production levels, or in what could be the first deal between an Opec and non-Opec country in 15 years. Related: Why the falling oil price may not lead to boom Related: Talks approximately cutting oil output display Russians and Saudis feel the pain Continue reading...
Source: theguardian.com