04.04.2016 - Saudi Arabia will only freeze its oil output if Iran does so - and it won't
The recovery in the price of oil may not be sustainable as Iran chooses to play hard ball. There's quite a way to go yet. Burgeoning oil-producer unity, which was leading toward an accord in Doha to cap output, came under immense strain as Saudi Arabia's deputy crown prince said the kingdom's commitment depended on regional rival Iran, which has already ruled out its participation. If any producer increases output - and Iran has made clear its intention to do so - Saudi Arabia will likewise boost sales, Mohammed bin Salman said this weekend in an interview with Bloomberg...............................................Full Article: Source
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