Apr 15th, 2016

Oil Set For Weekly Gain Before Doha Talks

The world’s top oil exporters are burning through their petrodollar assets at an accelerating pace, increasing the pressure to reach a deal to freeze production to bolster prices. The 18 nations set to gather in Doha on Sunday to discuss a production freeze have spent $315 billion of their foreign-exchange reserves -- about a fifth of their total -- since the oil slump started in November 2014, according to data compiled by Bloomberg. Oxford Economics Director General Gabriel Stein and King Fahd University of Petroleum & Minerals Professor Mohamed Ramady discuss with Anna Edwards on “Countdown.”