Weekend in doha apotentials from the Worlds Biggest Oil producers are gathering for what some call one of the most important discussions in recent memory. The goal, to reach an agreement that would limit output. If that happens it would be the first step in carbon production that has resulted in a glut of oil worldwide. Has thrown companies into bankruptcy. As brian selvin reports, reaching a deal wont be easy. Reporter a global game of political intrigue with hundreds of billions in oil dollars on the line. Major oilproducing nations gathering in doha, qatar, sunday to try to win a deal to stabilize or possibly even cut global oil production. The world is Still Producing 1 Million Barrels per day more than it needs. Even with american output falling this year. Ful the countries attending the meeting face a catch22. They desperately need higher prices to fill their budget holes but they cannot risk slowing production because they need every dollar they can get. The biggest conflict com
Weekend in doha apotentials from the Worlds Biggest Oil producers are gathering for what some call one of the most important discussions in recent memory. The goal, to reach an agreement that would limit output. If that happens it would be the first step in carbon production that has resulted in a glut of oil worldwide. Has thrown companies into bankruptcy. As brian selvin reports, reaching a deal wont be easy. Reporter a global game of political intrigue with hundreds of billions in oil dollars on the line. Major oilproducing nations gathering in doha, qatar, sunday to try to win a deal to stabilize or possibly even cut global oil production. The world is Still Producing 1 Million Barrels per day more than it needs. Even with american output falling this year. Ful the countries attending the meeting face a catch22. They desperately need higher prices to fill their budget holes but they cannot risk slowing production because they need every dollar they can get. The biggest conflict com
Weekend in doha apotentials from the Worlds Biggest Oil producers are gathering for what some call one of the most important discussions in recent memory. The goal, to reach an agreement that would limit output. If that happens it would be the first step in carbon production that has resulted in a glut of oil worldwide. Has thrown companies into bankruptcy. As brian selvin reports, reaching a deal wont be easy. Reporter a global game of political intrigue with hundreds of billions in oil dollars on the line. Major oilproducing nations gathering in doha, qatar, sunday to try to win a deal to stabilize or possibly even cut global oil production. The world is Still Producing 1 Million Barrels per day more than it needs. Even with american output falling this year. Ful the countries attending the meeting face a catch22. They desperately need higher prices to fill their budget holes but they cannot risk slowing production because they need every dollar they can get. The biggest conflict com