OPEC: June meet too soon to reach an output freeze agreement - BBH

Research Team at BBH, suggests that the OPEC meets in early June and they suspect that this is still too soon to reach an agreement on freezing output.

Key Quotes

“Iranian oil production is coming back online more slowly than the government had projected. It is being stymied on some different fronts, some of which stem from the fact that no all sanctions have been lifted, many are wary of engaging the country when there is still low hanging fruit elsewhere, and there appears to be a shortage of oil tankers for it. Some of the shortage of oil tankers and financing may also be stemming from obstructionist tactics from its rival(s).”