The world’s biggest oil producers may consider “other steps” to eliminate a persistent global oversupply if a recent deal to freeze current output holds firm for several months, the top official of the Organization of the Petroleum Exporting Countries said on Monday. OPEC Secretary-General Abdullah al-Badri reiterated the group’s readiness to work with non-OPEC producers to tackle a supply glut that has knocked prices to their lowest in over a decade. He told the IHS CERAWeek conference in Houston that the tentative pact to freeze output reached last week between Saudi Arabia, Russia, Venezuela and Qatar was just a start. Al-Badri admitted the oil cartel had not expected prices to fall so sharply since the group decided in late 2014 not to cut output in the […]