HomeMagazine2016March 2016, Vol. 243, No. 3Qatar Says 12 Countries Confirmed for Oil Cap Meeting

March 2016, Vol. 243, No. 3

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Qatar Says 12 Countries Confirmed for Oil Cap Meeting

DOHA, Qatar (AP) — Qatar’s oil minister says 12 countries have agreed so far to participate in a meeting it’s hosting next month to discuss a freeze in oil output levels. Qatar announced earlier this month it would be the venue for between OPEC and non-OPEC producers on April 17 to discuss the production cap. The talks are aimed at bolstering oil prices that have fallen from over $100 a barrel in 2014 to less than $40 a barrel at present. Minister of Energy and Industry Mohammed Bin Saleh al-Sada said on Thursday that Qatar is still expecting official confirmation from producers that have verbally expressed plans to attend the meeting. Those confirmed so far are Saudi Arabia,

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