- History
| Expected Impact / Date | Description |
|---|---|
| Apr 17, 2016 | Oil ministers and heads of state from major oil producing countries are due to meet about oil prices and production levels, in Doha; |
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- Doha Oil Summit News
From dailyfx.com|Apr 19, 2016|2 commentsCommodity Currencies continue to take their cues from commodities (makes sense), and today are seeing multi-month highs. NZD/USD, USD/CAD, & AUD/USD all hit 10+ month highs as the US Dollar pressed further down into new 2016 lows. What amazes many people is that all of this is happening after a weekend where supposedly bad news happened in Doha. On Tuesday morning, we heard from Bank of Canada Governor, Stephen Poloz, who sounded cautious regarding CAD strength. In his speech, interestingly, Poloz noted that CAD strength is less a ...
- From reuters.com|Apr 18, 2016
It was supposed to be the easiest deal ever reached among key oil market players, a mere formality. Eighteen countries were gathering in the Qatari capital of Doha to rubber-stamp the first joint agreement between major OPEC and non-OPEC nations in 15 years, tackling a huge global glut after flooding the market for two years. The text was agreed and the timeframe was clear. Oil prices were rising. Traders were calling the event boring. ADVERTISING inRead invented by Teads Then, the first clouds began to appear. Thousands of ...
- From reuters.com|Apr 17, 2016
Commodity currencies slumped early on Monday while the safe-haven yen soared after global oil producers failed to agree on an output freeze, sending oil prices tumbling anew. The Canadian dollar and its Australian counterpart were both marked more than 1 percent lower to as low as C$1.2957 per USD CAD=D4 and $0.7594 AUD=D4 in early trade. The loonie last stood at C$1.2952 per USD, while the Aussie was at $0.7663, both down about 1 percent. A deal to freeze oil production by OPEC and non-OPEC producers fell apart on Sunday after Saudi ...
- From news.forexlive.com|Apr 17, 2016|18 comments
No deal OPEC and non-OPEC ministers finish talks in Doha without an agreement, according to Reuters. They cite an unnamed source. Too bad the market wasn't open for all this drama. In any case, it's going to be a wild day in oil trading and most likely a very ugly one.
- From news.forexlive.com|Apr 17, 2016|10 comments
Talks are about saving face now Here is the short version of what happened in Doha. Saudi Arabian leaders showed up and said they wouldn't support a deal without Iran. Talks broke down and the Qatar then tried to broker a new deal. Those negotiations continue and are 8 hours past the schedule conclusion. The latest draft seen by Reuters was something vague, like a statement that said all producers inside and outside OPEC should freeze production at "agreeable levels." To begin with, the production freeze talks were a bit of joke but ...
- From bloomberg.com|Apr 17, 2016|22 comments
Talks in Doha between some of the world’s biggest oil producers have been delayed until later Sunday amid changes to a draft accord on freezing output, said two officials with knowledge of the discussions. The meeting was pushed back so the agreement could be amended, the two people said, asking not to be identified because the discussions are private. Wording in the draft related to Iran -- which isn’t attending -- is being changed, but this won’t jeopardize a final agreement that is still set to be announced after talks start at 2 ...
- From @zerohedge|Apr 16, 2016|10 comments
IRAN SUPPORTS OIL OUTPUT FREEZE AT DOHA MEETING: ZANGANEH. For everybody else
- From bloomberg.com|Apr 16, 2016|1 comment
Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. Iran said it had decided to stay at home. The world’s biggest crude exporter would cap its market share at about 10.3 million to 10.4 million barrels a day, if producers agree to the freeze, Prince Mohammed bin Salman said during an interview on Thursday at King Salman’s private farm in Diriyah. On Saturday, Iran’s deputy oil minister said the country ...
| Released on Apr 17, 2016 |
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