Intraday Stock Tips & MCX Gold Silver Commodity Trading Tips

Best Intraday Tips provider in MCX and Stock Market. Get Daily Updates and Earn Huge Profits. Register for Free Trial to get Free Stock Tips & Commodity Tips. Stock Tips for Today, Nifty Tips, Equity Share Tips, Commodity Tips Tomorrow, Futures Options Tips, Call Put Tips, MCX NCDEX Agri Tips, Positional Calls, Copper MCX Crude Oil Tips, Base Metals Tips, Trend, Levels, Best Stocks to Buy Today. For More Commodity Tips, Just Give Missed call on 08040751536

Tuesday, February 16, 2016

NEWS FLASH

Successful Meet at Doha: Oil Production will be stabilized

"Qatar, Saudi Arabia, Russia and Venezuela would lead an effort to freeze output at January levels and due to which Brent crude futures pared gains."

The large producers met in Doha, Qatar, to discuss measures to tackle a supply glut that's sent prices to 13-year-lows.It had become a global issue as Saudi Arabia was not ready to freeze the supply of oil due to which oil prices went down.

Qatar's energy minister, Mohammad bin Saleh al-Sada, believes that the agreement would help in stabilizing the market. Saudi oil minister Ali Al-Naimi said the freeze was "adequate" for the market, and declared the meeting to be successful. He added he hoped producers inside and outside OPEC would adopt the proposal.
Qatar is the current holder of the rotating OPEC presidency.
Earlier, news of the meeting news sparked hopes of an eventual deal on supply cuts, after Saudi Arabia-led oil cartel OPEC previously persistently refused to lower its 30 million barrel-a-day production ceiling in a strategy to squeeze out higher cost energy producers, including U.S. shale companies.