No deal in Doha

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Report summary

The much anticipated meeting in Doha, Qatar on 17 April ended with no freeze deal. The lack of a deal triggered a moderate slide in oil prices. Initially prices fell by roughly 7%, but settled to just over 1% with Brent at US$42.91 per barrel at the end of the day. A key reason for restrained price reaction was the uncertainty of the effect of the Kuwait oil workers' strike that started on 17 April.

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  • No deal in Doha

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  • 2016 OPEC Crude Oil Supply

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