More than 18 months after oil prices began a steep slide due to excess supply, Saudi Arabia, Qatar, Venezuela and non-OPEC Russia agreed last month to freeze output at January levels in the first global oil pact in 15 years. OPEC countries want to test Russia's commitment to freezing output before taking any further steps to stabilize prices. Over the past month, Iran has issued conflicting statements saying it could add up to 1.5 million barrels per day over the next year
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