17 Jumada I 1446 - 18 November 2024
    
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Eye of Riyadh
Environment & Energy | Monday 18 April, 2016 5:30 am |
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Oil meeting in Qatar ends without freeze

Oil-rich nations at Qatar summit say they need “more time” before agreeing to a production freeze.
The decision came hours after the meeting began in Doha, the Qatari capital.
Eighteen oil-producing nations were at the Doha summit, with OPEC member Iran sitting out the meeting.
Those in Qatar discussed a proposed freeze on crude oil production to January levels as a means to increase global oil prices, which are just over $40 a barrel after being more than $100 in mid-2014.

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