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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (17583)	4/22/2016 2:38:34 PM
From: Goose94	Read Replies (1) \| Respond to of 203330

Crude Oil: *OPEC to discuss freeze in June.* The collapse of Doha has laid bare the degree of infighting in the oil cartel, but a Saudi official said that OPEC members would resume negotiations over a production freeze at its June meeting in Vienna. OPEC’s Secretary-General downplayed that prospect when he responded, “maybe the ministers will discuss it.” It is hard to imagine OPEC rebounding from the failed Doha talks to secure an agreement. The only thing working in favor of improved cooperation is the possibility that Iran reaches its pre-sanctions level of oil production by then. This week, Iran’s deputy oil minister was quoted in Iran’s state news agency, saying that Iran could achieve pre-sanctions oil production levels by June. Since Iran has previously stated that it would not join a freeze deal until it restored output, the comments raise the possibility that it could come around to a deal when the cartel meets in Vienna.