OPEC Reopens Talks on Oil Cuts Without Iran, Iraq Ministers
- Saudis, Iraq and Iran said to disagree over sharing of cuts
- Major producers are heading to Doha for informal talks
OPEC Expands Push to Secure Production Cut Deal
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OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a deal to cut production.
Members of the Organization of Petroleum Exporting Countries are “all hands on deck” to reach an agreement by the group’s Nov. 30 meeting in Vienna, Secretary-General Mohammed Barkindo said in an interview in Marrakech, Morocco on Tuesday. Saudi Arabia, Iraq and Iran remain at odds over how to share output cuts, said an OPEC delegate, who asked not to be identified because the information isn’t public.