![Oil Bounces on Speculation of Iran Conceding to OPEC Freeze Action](https://eng-archive.aawsat.com/wp-content/uploads/2016/08/12oilsummit-facebookJumbo.jpg)
Media ID: 55356957
Caption:
Caption:
An oil field owned by Bashneft in Russia. Officials from Russia, Saudi Arabia and other major oil-producing countries will meet this weekend in Doha, Qatar, to discuss maintaining oil production at current levels. Credit Sergei Karpukhin/Reuters
![Oil Bounces on Speculation of Iran Conceding to OPEC Freeze Action](https://eng-archive.aawsat.com/wp-content/uploads/2016/08/12oilsummit-facebookJumbo.jpg)