OPEC and non-OPEC meet unlikely to happen as Iran yet to commit to output freeze

Reports are doing the rounds that a much anticipated meeting between OPEC and non-OPEC producers may not happen as Iran is yet to commit to production freeze.

The meeting is scheduled to be held on March 20th. Markets are expecting major producers to reach a production freeze accord; however, if the news reports are to be believed Iran’s reluctance could pour cold water over the optimism.