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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

November 30, 2016 by · Leave a Comment 

By Ahmad Ghaddar and Vladimir Soldatkin VIENNA (Reuters) – Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a deal to limit output and boost the price of crude when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output …

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Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting