BANGKOK -- The collapse of talks in Doha on April 17 among major oil producers aimed at freezing output levels and curbing the global supply glut has renewed broader concerns about the state of the global commodities market.
The meeting of the Organization of the Petroleum Exporting Countries as well as non-OPEC oil producing nations in the Qatari capital was called to freeze oil production at the levels of early 2016, an agreement that would have been the first global oil deal in about 15 years. But Iran's withdrawal from the talks at the last minute triggered Saudi Arabia's refusal to sign the draft agreement to halt production at January levels.
