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Oil Market Shows Deep Doubt over Output Freeze

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LONDON, Feb 17 (Reuters) - The oil world has been shaken this week by some of the biggest producers agreeing to freeze their output at January levels to contain a supply glut and prevent a further slide in prices, but markets show investors doubt this tactic will work.


The oil ministers of top exporter Saudi Arabia, Qatar and Venezuela, together with non-OPEC member Russia, said after meeting in the Qatari capital of Doha on Tuesday they had agreed to keep output unchanged from January, provided other big guns followed suit



http://www.downstreamtoday.com/news/article.aspx?a_id=51135


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