Russia Refutes Its Own Rumor, Says Doha Deal Will Have Few Detailed Committments
Yesterday, Russia said there was a virtual deal assured with Saudi Arabia to "freeze" production (at record levels) that did not require Iran's participation. And now, it appears the Russians are walking that confident "hope" back. Russia's energy minster just told a briefing that the Doha "freeze" deal would be "loosely-framed with fed detailed commitments."
Not exactly what the market was hoping for...