Saudi oil minister rules out crude output cut: Report

Saudi oil minister slashes hopes of oil deal

Saudi oil minister Ali al-Naimi ruled out a crude output cut in comments made to Saudi-owned al-Hayat newspaper published on Wednesday.

"Forget about this topic," he told the paper, when asked about any possible reduction in his country's production.

Leading oil producers, including Saudi Arabia, will meet in Qatar on Sunday to discuss an output freeze to support oil prices.

Separately on Wednesday, Iran's Seda weekly cited by Reuters said that Iran's oil minister would not be attending the Doha talks but would be sending an Iranian representative instead.