Saudis, Iran Said to Meet Again for Oil Talks, No Agreement Yet
- OPEC officials met in Vienna to prepare for Algiers talks
- Rivalry between two nations prevented supply deal in April
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OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna for a second day of discussions to prepare for wider group talks next week in Algiers.
The two oil producers met at the headquarters of the Organization of Petroleum Exporting Countries in Vienna in preparation for informal discussions between energy ministers from OPEC and Russia in Algiers next week, according to two people briefed on the discussions. The two nations have not yet reached an agreement, one of the people said, asking not to be identified because the meeting was private.