Meeting between OPEC and non-OPEC countries ends without any deal

Market news

18 April 2016

Meeting between OPEC and non-OPEC countries ends without any deal

The meeting between OPEC and non-OPEC countries on Sunday ended without any deal on the freeze of the oil output. Oil producers said that they needed more time to decide on the freeze of the oil production.

Participants of the meeting discussed the freeze of the oil output at January levels, which should help to balance the oil market. Iran did not participate in that meeting.

Next meeting is scheduled to be in June.

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