Pimco's Oil Outlook Darkens as Doha Failure May Spur Supply

  • `Rational thing' for OPEC to open to foreign investment: Pimco
  • Output talks in Qatar fell apart Sunday amid Saudi demands

Oil After Doha: Slow Rebalancing of Supply and Demand?

Failure by the world’s biggest oil producers to reach an output freeze deal is bearish for prices in the long term as OPEC members may open up fields to foreign investment to shore up balance sheets, according to Pimco.

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