TASS: Draft agreement in Doha stipulates output "freeze" until October
DOHA, April 17. /TASS/. A draft agreement of the oil producer countries expected to be signed in Doha on April 17 stipulates that the output will be frozen at the level of January 2016 until October, Azerbaijan's Energy Minister Natiq Aliyev said in an exclusive interview with TASS on Saturday on the eve of a major off-schedule conference of OPEC and non-OPEC oil producing nations.
"The draft agreement is not large," Aliyev said. "It is as follows: the states gathering in Doha have reached a conclusion that for normalizing the oil price they agreed to freeze the output at the level of January 2016 until October."
Doha deal to be "gentlemen-like"
An agreement in Doha to freeze oil output will be "gentlemen-like" as the draft stipulates no control mechanisms, Aliyev went on to say.
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WNU Editor: There will be no enforcement mechanisms .... the Doha agreement will be treated as a gentlemen-like agreement?!?!?! .... Doha deal to be "gentlemen-like" — Azerbaijan's energy minister (TASS). In the meantime, Saudi Arabia is issuing their threats .... As Doha nears, Saudi prince says country could unleash a million barrels of oil a day (Market Watch)
More News On Tomorrow's Doha Meeting On Oil
Draft Of Doha "Oil Freeze" Agreement Leaked -- Zero Hedge
Azerbaijan says Doha draft sees oil production frozen until October: TASS -- Reuters
Iran pulls out, but oil watchers keep hope alive for 'soft' Doha deal -- CNBC
Russia: We don't expect any oil price rise after Doha -- CNBC
The biggest oil meeting in decades will take place on Sunday — here's what you need to know -- Elena Holodny, Business Insider
What's at risk if Doha oil freeze deal fails -- Patti Domm, CNBC
The Complete Overview Of The Doha Meeting -- Zero Hedge
Does Doha Matter? -- Dalan McEndree, OilPrice.com
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