News Update :

No Oil-Freeze Deal at Doha Meeting

Monday, April 18, 2016

WSJ.COM - Delegates from more than a dozen oil-producing countries who gathered in Doha, Qatar, this weekend hoping to freeze crude output failed to clinch a deal, according to ministers leaving the meeting late Sunday.

It was unclear if oil officials--which include representatives from Russia and Saudi Arabia, the world's two biggest producers, and most OPEC members--would try to reconvene again, either later tonight or on Monday. But officials who started to leave the meeting, including Ecuador's oil minister, and another person familiar with the meeting's outcome, said a deal wasn't reached.

Azerbaijan's oil minister, upon leaving the meeting, said he hadn't been made aware of any follow-up meeting.


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