CNBC | Oil pares some losses; energy stocks sell off CNBC There had been hopes for a deal between nearly 20 of the world's largest oil exporters,including Saudi Arabia and non-OPEC member Russia, to formalize an output freeze at January levels. In February, Russia, Saudi Arabia, Qatar and Venezuela agreed to ... Major Oil Exporters Fail to Agree on Production Freeze Oil slides after Saudi opposition blocks talks on output freeze Oil prices are plummeting again because big oil states failed to freeze their production |