doha meeting

Oil gap between Brent and West Texas

Doha meeting: No Deal, As Politics Trump Economics

BARCLAYS | The Doha meeting, among 16 oil producers (OPEC and non-OPEC) concluded on Sunday, without an agreement on a production freeze. The much-awaited meeting exposed the political rift between Saudi Arabia and Iran, and ultimately doomed the agreement. Representatives from Saudi Arabia, Russia, Qatar and Venezuela agreed on a draft in advance to be put forward to the group, but the Saudis changed their stance on Sunday morning.