REUTERS
Saudi Arabian Minister of Foreign Affairs Adel al-Jubeir says that the kingdom is not ready to cut crude oil production, according to Russian news agency TASS.
"Saudi Arabia is not yet ready to cut the production," the minister said, TASS wrote.
As UNIAN reported earlier, the talks between Russian Energy Minister Alexander Novak and representatives of OPEC member-states in Doha, Qatar, on February 16 resulted in an agreement to freeze oil production at January levels in case other oil producers join the initiative.