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Peel
Dec 3, 2007

From the Middle East thread:

Count Roland posted:

So Saudi Arabia and Russia just agreed to something.

quote:

Oil ministers from three Opec countries, Saudi Arabia, Qatar and Venezuela, as well as Russia, have agreed to freeze oil output at January levels, as long as others follow suit.

http://www.bbc.com/news/business-35564492

This is... unexpected. I guess the Saudis are starting to hurt in the pocketbook?

How significant is this?

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