Leading oil exporters can't agree to cap production; Iran did not attend

Monday, April 18th 2016 - 08:40 UTC

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The meeting of the world's leading oil exporters to discuss capping production has ended without agreement. After hours of talks in Qatar, the country's energy minister Mohammed bin Saleh al-Sada said that the oil producers needed “more time”. Read full article

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L0B0MAU
Lower fuel production/prices is a good news:
#1: Lower Prices = Faster Industrial Growth
#2: Lesser Consumption = Lesser Pollution
Coal too should have the same fate!
Apr 18th, 2016 - 10:19 am - Link - Report abuse 0
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Captain Poppy
It's not like this is a surprise. Iran is ramping up, China is tanking, most world economies are soft at best and most of all, if the price rises too much, American frackers ramp up production.
Besides, the Saudi's are planning for a multi trillion dollar post oil economy and the are not going to be giving up dollars for an industry they are trying to move on from.
Apr 18th, 2016 - 03:57 pm - Link - Report abuse 0
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