Oil producers set meeting to discuss freeze on production levels

Members of the Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers plan to meet in Qatar on April 17, 2016 to discuss a freeze in oil output levels, according to the Associated Press (AP). The news service says the meeting “reflects a growing sense of urgency among producers to try to shore up crude prices following a steep drop that is straining their domestic budgets.” Fifteen oil-producing nations representing about 73% of world output have agreed to take part, according to a statement from Mohammed bin Saleh al-Sada, Qatar's energy and industry minister. For more, read the full story.