Freeze in oil output looks likely in the Sept 26-29 OPEC meeting
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non-member producers including Russia are discussing a deal to stabilise the market by at least freezing output, although key details such as the timing and baseline for any deal have yet to
emerge."One year, we are looking at one year," OPEC Secretary General Mohammed Barkindo said, RIA news agency reported.Russia and members of the Organization of the Petroleum Exporting Countries hold an informal meeting in Algiers on Sept. 28. Algeria's energy minister said on Monday any OPEC move to freeze output would help balance the market for at least six months. (Reuters)
