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Oil Output Freeze Is an Agreement With a Catch
2016-02-16 15:11:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: As prices have dropped ever lower, smaller oil producing nations on precarious financial ground have regularly pushed their bigger brethren to stop pumping at record levels and help calm the markets. Now, even the giants are joining the chorus, with Saudi Arabia and Russia on Tuesday calling for a coordinated effort to freeze production. The plan, which also included Venezuela and Qatar, is a tentative sign that major oil producers are ready to cooperate. And it indicates how deeply prices...
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