17.03.2016 - Oil Production Freeze to Stabilize Market by 2017
Earlier in the day, Novak said that major oil producers would meet in the capital of Qatar, Doha, on April 17 to discuss the agreement on oil production freeze. "If such agreements will be reached, the re-balancing will be reduced according to our estimates, to the term from six to nine months. At the end of 2016, in the beginning of 2017 we could see the balance of supply and demand, and consequently, the stabilization of the oil market," Novak told reporters. Unless the deal is agreed on, the oil market will reach the balance in late 2017, Novak said...............................................Full Article: Source
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