Oil prices dropped wildly on Monday after talks between the world’s biggest oil exporters in Doha, Qatar concluded without a deal to freeze output. The meeting between the oil-producing nations was aimed at reaching the first global deal to cap oil production in 15 years, which would have eased the global supply glut, but the talks failed to reach a deal due to opposition from Saudi Arabia, and ended Sunday night. This news does little to ease fears the collapse of the talks could start a new round of dramatic falls in the price of oil per barrel. According to the Financial Times, a conflict that arose between Saudi Arabia and its regional rival Iran has been blamed for the collapse of...
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