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http://www.nytimes.com/2016/02/17/b...n-region®ion=top-news&WT.nav=top-news&_r=0
Now Iran is the wild card, along with Nigeria.
Only a matter f time. They all all burning thru currency reserves like water poured into the sand.MOSCOW — In a sign of tentative cooperation among major oil producers, Qatar, Russia, Saudi Arabia and Venezuela announced a plan on Tuesday to freeze output at current levels, a move intended to help bolster energy prices.
The plan, albeit hardly concrete, reflects the troubled state of the oil industry.
With prices having recently slipped to new lows, major oil producers, particularly in the Organization of the Petroleum Exporting Countries, are trying to calm the markets with talk of a deal. But the proposal gives countries a potential out, a big reason oil prices gave up their initial gains on Tuesday.
Now Iran is the wild card, along with Nigeria.