By Angelina Rascouet, Bloomberg
An agreement by producing countries to freeze crude production at the Doha meeting on Sunday would have a limited impact on oil flows, the International Energy Agency said Thursday.
OPEC and non-OPEC countries -- including Russia and Saudi Arabia, the world’s two biggest crude producers -- will meet in Doha on April 17 in a bid to freeze production at January levels. A deal would represent the first attempt at coordinating oil production between the Organization of Petroleum Exporting Countries and producers outside the group in 15 years.
Yet the IEA sees scant impact on physical oil flows if a deal is struck.