By September 6, 2016 Read More →

Saudi foreign minister says would go along with oil output freeze if producers agree

oil output freeze

Saudi Arabia’s Foreign Minister Adel al-Jubeir says “I believe again the spoiler will be the Iranians”. Reuters photo by Jacky Naegelen.

al-Jubeir says Iran could foil oil output freeze

LONDON, Sept 6 (Reuters) – Saudi Arabia said on Tuesday it would go along with an oil output freeze if other producers agreed one but cautioned that Iran could foil any attempt to limit output.

“If there’s a freeze, Saudi Arabia will go along with it and we are hoping there could be a meeting of the minds when this comes together,” Saudi Foreign Minister Adel al-Jubeir told reporters in London.

“I believe again the spoiler will be the Iranians. You can’t expect other countries to freeze while you reserve the right to increase your production. The Russian position is more in line with our position than not,” he said.

(Reporting by Estelle Shirbon; editing by Guy Faulconbridge)

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