IEA Expects Limited Impact From Oil Output Freeze at Doha

By Dmitry Zhdannikov LONDON, April 14 – A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to re-balance before 2017, the International Energy Agency (IEA) said on Thursday. The IEA, which oversees the energy policies of industrialized nations, said even though

[ Read More ]

Iran Could Decide Fate of First Global Oil Deal For 15 Years

By Rania El Gamal DOHA/LONDON, Feb 17 – The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms. Dominant OPEC power Saudi Arabia and

[ Read More ]

Oil Powers Fly to Doha for Private Pow-Wow as $30 Crude Woes Mount

Feb 16 – Top oil officials from Saudi Arabia, Russia and several key OPEC members will meet on Tuesday for their highest-level discussion in months, a potentially pivotal sign that producers are at last preparing to tackle a devastating supply glut. The talks in the Qatari capital Doha, which had been kept under wraps until

[ Read More ]