An economist at a Russian development bank said Tuesday any deal among major oil producers last weekend would’ve been moot because markets are flush with oil. Ministers from some members of the Organization of Petroleum Exporting Countries joined their non-member counterparts in Doha during the weekend to consider a measure ... Read More »
A dive in oil prices sent stock markets lower on Monday after producers meeting in Qatar failed to agree on a plan to curb global supply, quashing the more optimistic tone which prevailed for much of the past week. Japan’s Nikkei index led the way, tumbling more than 3 percent ... Read More »
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived ... Read More »
