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IPFS News Link • Oil

The biggest oil meeting in decades will take place on Sunday...

•, Elena Holodny

Major oil players will be gathering to discuss a potential production freeze on Sunday, April 17, in Doha, Qatar, in what some analysts have called "the most important meeting of the last three decades."

Analysts have been hoping for a coordinated move ever since mid-February, when Saudi Arabia, Russia, Venezuela, and Qatar agreed to freeze production at January levels if other producers joined in.

Since then, several states, including the relatively better-off Gulf Cooperation Council members Kuwait and the United Arab Emirates, expressed willingness to support the deal.