Shale Well The latest chapter in the oil production freeze chatter saw Russia and Saudi Arabia issuing remarks about a possible deal, but while the Saudi foreign minister said that positions were moving closer, Vladimir Putin said he would be in favor of an OPEC deal with a ‘leeway’ for Iran which deserves to make a complete return to the market. “Iran is starting from a very low position, connected with the well-known sanctions in relation to this country,” Putin said in an interview with Bloomberg. “It would be unfair to leave it on this sanctioned level.” Putin’s view on Russia’s latest best friend, Iran, will not be sitting well with Iran’s regional archrival, Saudi Arabia, which is also OPEC’s top oil producer, with non-OPEC Russia sitting pretty as the world’s top producer. In early August, when the rumors and speculation ahead of the informal OPEC meeting in late […]