Arab Business

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OPEC oil freeze meeting collapsed in Doha on Sunday

Series 01 Episode 2016-04-19 - 19.04.2016

The oil freeze initiative to raise prices collapsed in Doha on Sunday after Saudi Arabia refused to take part unless Iran joins the freeze too.
Iran has so far refused to join talks, insisting their decision not to freeze their own production is justified given the previous sanctions. Governor of OPEC in Iran, Hossein Kazem-pour Arde-billi urged talks should continue without them to stabilise the oil market.

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