Talks are about saving face now Here is the short version of what happened in Doha. Saudi Arabian leaders showed up and said they wouldn't support a deal without Iran. Talks broke down and the Qatar then tried to broker a new deal. Those negotiations continue and are 8 hours past the schedule conclusion. The latest draft seen by Reuters was something vague, like a statement that said all producers inside and outside OPEC should freeze production at "agreeable levels." To begin with, the production freeze talks were a bit of joke but now they're a complete farce. (full story)