“I Am Not Sure You Can Call It A Freeze” – OPEC Deal In Jeopardy As Saudi-Iran Tensions Spike: All The Latest
by Tyler Durden
ZeroHedge.com
04/17/2016
A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between OPEC and non-OPEC nations, and looked set to prompt another fall in the price of crude. “I am not sure you can call it a freeze,” one OPEC source said. A senior oil industry source said: “The problem now is to come up with something that excludes Iran, makes the Saudis happy and doesn’t upset Russia.”
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