RE:Extremely Doubtful that Iran Will Freeze ProductionNot so sure this time. Iran will want to return to pre-sanction production, not unreasonably so, and they may be allowed to do so as part of a deal, Iran is a relatively small part of total OPEC production after all. The saudi's have been in close talks with Russia apparently so this could be a widely co-ordinated move.
The key point now is that unlike any other time in the past 2 years, supply and demand are relatively closely alligned so that OPEC are now in a position to do their swing thing once again in the tried and tested manor. And boy do they need it!
Doug