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The global oil deal that never came to be
It was supposed to be the easiest deal ever reached among key oil market players, a mere formality. Eighteen countries were gathering in the Qatari capital of Doha to rubber-stamp the first joint agreement between major OPEC and non-OPEC nations in 15 years, tackling a huge global glut after flooding the market for two years. The text was agreed and the timeframe was clear. Oil prices were rising. Traders were calling the event boring. ADVERTISING inRead invented by Teads Then, the first clouds began to appear. Thousands of kilometers away from Doha, at a Friday summit of the Organization of Islamic Cooperation in ... (full story)