OPEC’s eagerly awaited production cut agreement may have just gotten even harder to reach as OPEC members meeting in Doha are now asking Iran to freeze its output at 3.92 million barrels per day, according to an anonymous source who spoke to Reuters . This is the average daily output of Iran for October . The amount is also lower than the 4-million-bpd Iran itself had insisted on as the minimum at which it would consider joining the freeze. At the end of October, Iran estimated its output at 3.8 million bpd and the WSJ at the time quoted an Iranian official as saying the country wanted to return its daily average to pre-sanction levels of 4.2 million bpd before contemplating freezing production. According to Reuters, this pushing of Iran to agree to a lower cap indicates that most OPEC members are in agreement on how much […]