Iran downplays chances of oil deal, UAE keen on freeze
An old fuel pump is seen during early hours in a desert near the village of Sila, at the border with United Arab Emirates, south of the Eastern province of Khobar, Saudi Arabia January 29, 2016. Picture taken January 29, 2016./ Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014 levels due to oversupply, ...
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