Five things to bear in mind about the Opec meeting

Opec will gather in Vienna on 2 June to talk about freezing oil production. Few expect a deal will be made

Most of the group’s members will gather in Vienna on 2 June to talk about freezing oil output. Momentum towards forging a deal is lackluster and internal rivalries show no signs of abating. Here are a few things to bear in mind ahead of the meeting. 1) No one expects Vienna to succeed where Doha failed Despite the hopes of Middle Eastern member states that a deal can be achieved to shore up prices, few industry observers expect an agreement will be forthcoming in Vienna. As Derek Brower wrote in April the Doha talks were a failure of epic proportions. Saudi-Iranian rivalry thwarted prospects of a deal being struck, as Riyadh insisted that Tehran must comply with a coordinated freeze. This si