Oil pumps work in the desert oil fields of Sakhir, Bahrain. Russia’s energy minister, Alexander Novak, said, last week that it has agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production at January 2016 levels if other producers do the same following a closed-door meeting in the Doha, Qatar. The meeting reflects growing concern among major oil producers about the effects a prolonged slump in crude prices will have on their domestic economies.
Oil pumps work in the desert oil fields of Sakhir, Bahrain. Russia’s energy minister, Alexander Novak, said, last week that it has agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production at January 2016 levels if other producers do the same following a closed-door meeting in the Doha, Qatar. The meeting reflects growing concern among major oil producers about the effects a prolonged slump in crude prices will have on their domestic economies. Hasan Jamali AP
Oil pumps work in the desert oil fields of Sakhir, Bahrain. Russia’s energy minister, Alexander Novak, said, last week that it has agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production at January 2016 levels if other producers do the same following a closed-door meeting in the Doha, Qatar. The meeting reflects growing concern among major oil producers about the effects a prolonged slump in crude prices will have on their domestic economies. Hasan Jamali AP

The good and bad of falling crude oil prices

February 21, 2016 6:38 PM