Wednesday 17 February 2016

MIDEAST STOCKS-Gulf bourses move sideways, little optimism over oil deal | Reuters

MIDEAST STOCKS-Gulf bourses move sideways, little optimism over oil deal | Reuters:

"Gulf stock markets mostly moved sideways in quiet, early trade on Wednesday as investors held out little hope that a proposed deal among oil producers would support crude prices much.

Venezuelan Oil Minister Eulogio Del Pino and Iraqi Oil Minister Adel Abdel Mahdi were to travel to Tehran for talks with their Iranian counterpart Bijan Zanganeh on Wednesday to discuss a possible output freeze by major producers.

But Iran signalled it would take a tough line in the talks, saying it would continue increasing its output until it reached levels seen before international sanctions on Tehran were imposed."



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