Gulf Arab oil exporters are expected to see their budget deficits peak this year owing to the plunge in energy revenues, a report said on Tuesday.
Russian President Vladimir Putin said an agreement between oil exporters to freeze output would be the right decision for the global market and a compromise should be found for Iran to achieve a deal.
Oil prices fell in thin trade as analysts said a weekend meeting of major oil exporters would do little to help to clear global oversupply quickly, even though it would provide a floor for the market.
