| Opec has had some infamous meetings in its history. An ill-timed hike in quotas in Jakarta in November 1997 led to a crash in prices, while the June 2011 “worst ever" meeting in Vienna, as the Saudi oil minister termed it, failed to stop prices from rising. Doha last week was, perhaps, not in that league but still blended tedium, surprise and dysfunction, even more embarrassingly for including key non-Opec players.
Most Opec countries attended along with non-Opec leaders such as Russia and Oman. It seemed that the previously announced deal to freeze production at January levels was a formality, especially as most countries involved could not or would not increase output anyway...............................................Full Article: Source
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