Main oil exporters agree to freeze production, ...if all leading producers join

Wednesday, February 17th 2016 - 11:04 UTC

Full article 3 comments

Four of the world's biggest oil-producing nations moved to freeze their production on Tuesday to try to halt the 70 percent drop in the price of crude because of a glut of oil on world markets. The agreement was reached by the oil ministers of Russia and three members of the Organization of the Petroleum Exporting Countries, Saudi Arabia, Venezuela and Qatar, during a closed-door meeting in Doha, the Qatar capital. Read full article

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ChrisR
Ah, diddums'!

Have the nasty world population stopped consuming more oil and are unable to pay for more, even at these very low prices?

GOOD, fuck the Arabs and fuck Russia. No need to bother with Venezuela, they are already fucked by Chavismo.
Feb 17th, 2016 - 06:35 pm - Link - Report abuse 0
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Brasileiro
We will continue working to harm the interests of all five eyes. Whatever these interests: economic, military, diplomatic, geopolitical.

BRICS!

https://www.youtube.com/watch?v=nfdei_8f3-I&index=9&list=FLmXPTu1f8AdGlizWNiASx2A
Feb 17th, 2016 - 08:58 pm - Link - Report abuse 0
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L0B0MAU
“IF all leading producers join” - that's quite BIG “if”!
The SAME producers initially bragged that they will maintain the production even if the oil-prices keep falling!
Besides, IF at all the Oil-Producers join hands; producing less = selling less = less consumption = less pollution = more incentives in using alternative pollution-free energies = better climate = better health
Feb 18th, 2016 - 10:07 am - Link - Report abuse 0
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