Saudi Arabia, the world's largest oil exporter, refused to go along with the plan — which would have capped production at January levels for the Organization of the Petroleum Exporting Countries as well as non-OPEC producers such as Russia. News agency reports said that in talks that lasted ten hours longer than scheduled, the kingdom would not limit its own output if Iran did not do the same. But Iran, which did not even attend the Doha meeting, has said it is determined to crank up production now that a deal to limit its nuclear program has resulted in a lifting of international economic sanctions.
- https://www.washingtonpost.com/news/energy-environment/wp/2016/04/17/whats-so-important-about-the-oil-meeting-in-doha/
Nikkei dropped 535 points, standing at 16,312 at the point of writing.
For my trading clients, you can watch for China Everbright, SIIC and New Silkroutes today.
