On Sunday, the participants of the meeting in the Qatari capital failed to reach an agreement on freezing the oil output in a bid to stabilize global crude prices. According to Russian Energy Minister Alexander Novak, all participants understood that a deal to freeze the oil output is necessary, but had different requirements to the deal's conditions.
Oil Prices Fall Amid Producers' Failure to Reach Deal to Freeze Output
08:49 GMT 18.04.2016 (Updated: 08:50 GMT 18.04.2016)
© AP Photo / Hasan JamaliA man rides a camel through the desert oil field and winter camping area of Sakhir, Bahrain, Sunday, Dec. 20, 2015
© AP Photo / Hasan Jamali
Global oil prices dropped on Monday after oil producing countries had failed to reach an agreement in the Qatari capital Doha to freeze oil output.
18 April 2016, 08:06 GMT
MOSCOW (Sputnik) — The price for Brent's North Sea petroleum mix has decreased by 3.9 percent to $41,42 per barrel. The cost of the May futures for WTI dropped by 4.29% to $39,92 per barrel.