S.Arabia would agree to Iran freezing production at pre-sanctions levels: minister
Saudi Energy Minister Khalid al-Falih says OPEC is close to clinching a deal to limit oil output, adding Riyadh would agree to Iran freezing production at pre-sanctions levels. The comments could be seen as a compromise by Riyadh, which in recent weeks insisted that Iran fully participate in any cut, Reuters reported. Brent crude futures jumped more than 5 percent to above $49 a barrel. The Organization of the Petroleum Exporting Countries started a closed-door session at around 1000 GMT (5 a.m. ET) with a news conference scheduled for 1500 ...
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