The deal to freeze oil production in Doha did not take place. The next meeting in the same format expected in June. About it journalists were reported by the oil Minister of Nigeria Put Cacique, reports TASS.
“We will try to meet up around June,” he said. On the question of whether meeting in the same participants, the Minister replied “Yes”.
The Minister of energy of Qatar Mohammed bin Saleh al-the Garden has informed us that the producing countries discussed several freezing mechanisms, assessed different scenarios and decided that the decision needed more time.
According to sources Reuters, the OPEC countries intend to first reach agreement within the Association.
The Minister of petroleum and energy of Qatar Mohammed bin Saleh al-the Garden stated that the participants needed additional time for consultation.
“The meeting ended on what we all need more time for further consultations and discussions from today until June, when will the OPEC meeting, with the participation of all countries, to consult among themselves and other parties,” he said.
The source told RIA news that Saudi Arabia, despite the agreements reached the day before, advanced before the commencement of negotiations as a condition the participation of all members of OPEC, including Iran. While Iran expressed readiness to freeze the prey only after desanctions volume of 4 million barrels per day, in the meeting in Doha is not involved.
In early 2016, oil prices fell to below $ 30 per barrel. The purpose of the meeting in Doha is their adjustment. Draft version of the agreement that the producers were going to discuss involves freezing production at the level of January until October 2016.
