BLOOMBERG.COM
Oil producers from OPEC and outside the group are finalizing a plan to discuss freezing output at a meeting in Qatar in mid-April, the latest move in a campaign by financially stricken crude exporters to shift the dynamics of an over-supplied market. Qatar’s oil minister said that countries would meet in the nation’s capital Doha on April 17, without providing details of who would attend. The participation of Iran, the only OPEC member poised to increase supply significantly, is seen as critical for the deal to re-balance the market, but the meeting may go ahead without the Persian Gulf nation, according to two delegates who asked not to be identified because the talks are private.
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Oil producers from OPEC and outside the group are finalizing a plan to discuss freezing output at a meeting in Qatar in mid-April, the latest move in a campaign by financially stricken crude exporters to shift the dynamics of an over-supplied market. Qatar’s oil minister said that countries would meet in the nation’s capital Doha on April 17, without providing details of who would attend. The participation of Iran, the only OPEC member poised to increase supply significantly, is seen as critical for the deal to re-balance the market, but the meeting may go ahead without the Persian Gulf nation, according to two delegates who asked not to be identified because the talks are private.
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