Saudi Arabia and Russia Agree Oil-Output Freeze in Qatar
February 16, 2016 — 10:13 AM CETUpdated on February 16, 2016 — 10:27 AM CET
Saudi Arabia and Russia, the world’s two largest crude producers, agreed to freeze output after talks in Qatar.
Freezing output at January levels will be “adequate” and the nation still wants to meet the demand of its customers, Saudi Oil Minister Ali Al-Naimi said in Doha after talks with Russian Energy Minster Alexander Novak. Qatar and Venezuela also agreed to participated in the freeze, Al-Naimi said.
"A freeze would not create an immediate U-turn but it creates a better foundation for the price recovery in the second half," Olivier Jakob, head of oil consultants Petromatrix GmBh, said in a note to clients before the meeting concluded..
Link: http://www.bloomberg.com/news/articles/2016-02-16/saudi-arabia-and-russia-agree-oil-output-freeze-in-qatar-talks
Quelle: stockcharts.com
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