|Mohammed Saleh Abdulla Al Sada|
"With Iran, we respect their position and through further consultation, we don't know how their future will unroll," Qatar's oil minister, Mohammed Saleh Abdulla Al Sada, said. "It was a sovereign decision by Iran. A freeze would definitely be more effective if OPEC and non-OPEC" participated he added.
This comes as no surprise to EPJ Daily Alert readers. We have a plan in place for oil price action Monday.
Crude oil prices sank more than 6% in the opening hour of Asia trading.
This is what I wrote in Friday's EPJ Daily Alert: