Iran Sees Better OPEC Climate as Rivals Accept Its Rising Output

  • Oil market healthy, can absorb Iran oil boost, Zanganeh says
  • Iran soon to announce progress on deals with energy companies

OPEC Fails to Agree on Output Target, What's Next?

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Relations among OPEC members have improved significantly after several acrimonious meetings as the oil-producing group accepts Iran’s revival of crude output, the Iranian oil minister said.

“We had a meeting without any tension and because of the new atmosphere in OPEC we could reach some agreements like about the appointment of the new secretary-general,” Bijan Namdar Zanganeh said in an interview in Vienna on Friday, a day after the Organization of Petroleum Exporting Countries met there.