Following last night's leaked draft Doha document, which envisions a non-binding, "gentleman-like" oil freeze agreement, that caps production at January levels until October, with zero enforcement or oversight, moments ago the formal Doha talks started:

OIL PRODUCERS START FORMAL TALKS ON OUTPUT FREEZE IN DOHA

However, even before the start, things did not look good, when Saudi Arabia delayed the start of the meeting in what seemed to be a redrafting to account for the inclusion of Iran as part of the freeze, something which Iran has clearly said it won't do.

DOHA OIL MEETING DELAYED AFTER SAUDIS REQUEST CHANGES: REUTERS

DOHA OIL TALKS SAID DELAYED UNTIL AFTER VISIT TO EMIR PALACE

DOHA OIL-FREEZE PROPOSAL SAID BEING AMENDED AHEAD OF MEETING

OIL-OUTPUT FREEZE DEAL SAID BEING AMENDED TO ACCOUNT FOR IRAN