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Oil-Freeze Deal Would Have Limited Impact on Market, Says IEA

Posted on 15 April 2016

A prospective deal to freeze oil output at a meeting of producers in Doha on Sunday won’t change oil markets which have already started to rebalance anyway, a top energy watchdog said Thursday.
Russia and Saudi Arabia–the world’s top oil exporters–are set to meet with other oil nations in Doha, Qatar, hoping to reach an agreement to cap their supply level in order to revive oil prices. But in its closely watched oil-market report, the International Energy Agency said “any deal struck will not materially impact the global supply-demand balance” during the first half of 2016………………………………………..Full Article: Source


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