Doha oil freeze talks face last-minute trouble

Sun 17 Apr 2016 06:55 GMT | 10:55 Local Time

Text size: bigger smaller

Oil ministers head into a meeting in an attempt to rescue the deal designed to bolster the flagging price of crude.

A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to a new request by OPEC's de facto leader Saudi Arabia, sources told Reuters.

Oil ministers were heading into a meeting with the Qatari emir, Sheikh Tamim bin Hamad al-Thani - who was instrumental in promoting output stability in recent months - in an attempt to rescue the deal designed to bolster the flagging price of crude.

"There is an issue. Experts are discussing how to find an acceptable solution. I'm confident they will come up with a solution," one of the sources said.

According to another source, Saudi Arabia said it wanted all OPEC members to participate in the talks, despite insisting earlier on excluding Iran because Tehran does not want to freeze production.


News.Az

Printer

Commentary

Most read articles

More from World

In The Region

Editor's Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate

Virtual karabakh