Swiss Economicblogs.org
The weekend meeting between many OPEC and non-OPEC producers has helped spur the recent gains in the price of oil. We are concerned that market may be getting ahead of itself. First, the freeze in output that had previously been agreed by Russia, Saudi Arabia, and a few other countries was conditional on participation by Iran. We have consistently been suspicious of this condition. Iran has sacrificed or at least delayed its nuclear development in exchange for the lifting of the...
Read More »Expectation for Doha may be Inflated
