Nordea previews the oil exporter summit in Doha on Sunday
Optimism is growing ahead of the important meeting in Doha on Sunday 17 April between the majority of the OPEC members and some non-OPEC producers. The producers are going to discuss a proposal by Russia, Saudi Arabia, Qatar and Venezuela to freeze output at the January level. The prospect of a freeze plan has helped oil prices rise by around 60% from a 12-year low close to USD 27/barrel in January, despite doubts that it can substantially impact the supply glut in the oil market.
