25 Sep 2018 | 9:49 AM
Research Report

Commodity Research Report: Weekly Report ( Metals & Energy) Apr 18- Apr 22, 2016

A major meeting of oil producers was held on Sunday, April 17 in Doha, Qatar to finalize a deal about freezing output at January levels until October 2016 in an attempt to slow ballooning oversupply. However, the world's largest oil-producing countries failed to strike a deal to freeze output.  A deal between nearly 20 of the world's largest oil exporters, including Saudi Arabia and non-OPEC member Russia, had been hoped to formalize an output freeze at January levels. In February, Russia, Saudi Arabia, Qatar and Venezuela agreed to freeze output if other producers would join them.
18 Apr 2016 | 05:52 PM