“The Freeze Is Finished” – Why Did Saudi Arabia Kill OPEC?

by Nick Cunningham via OilPrice.com,
ZeroHedge.com
05/26/2016

The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness to go it alone will make a deal all but impossible. “I don’t think OPEC will decide anything,” a source from a major oil producer in the Middle East told Reuters. “The market is recovering because of supply disruptions and demand recovery.” An OPEC delegate told Reuters that any changes to the cartel’s policy is off the table. “Nothing. The freeze is finished,” the OPEC source said.

The Rest…HERE

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