Iran Says OPEC Remains Divided on Need for Oil Output Cut
- Gulf Arabs unlikely to cut output, says Iranian oil official
- Lack of agreement within OPEC on how to manage the market
OPEC, Saudi Arabia and the Geopolitics of Oil
This article is for subscribers only.
The majority of OPEC members would agree to a reduction in crude production at Friday’s meeting, with the exception of Saudi Arabia and the Persian Gulf Arab countries, Shana reported, citing Mehdi Asali, director general of OPEC and energy forums at the Iranian Ministry of Petroleum.
“Under current international conditions between Iran and certain Persian Gulf littoral states, it is unlikely that these countries voluntarily cut their output,” Asali said Wednesday according to Shana, the ministry’s news agency.