OPEC ministers are meeting in Algiers with the group’s two leading members, Iran and Saudi Arabia, ready to discuss the first limits on oil production in two years.
While no formal decision is expected Wednesday, the Saudi Arabian and Iranian ministers signaled they want to lay the groundwork for an agreement at the group’s next meeting in Vienna. That would end the produce-at-will strategy the Saudis instigated in 2014, upending the oil market and shaking investors, corporations and entire economies.
