Saudis and Iran Must Bridge 600,000 Barrel Gap for OPEC Deal

Updated on
  • Algiers meeting comes as IEA says market outlook is worsening
  • First discussion of country output targets in over two years

Bijan Namdar Zanganeh, Iran's petroleum minister.

Photographer: Lisi Niesner/Bloomberg

Saudi Arabia and Iran have just two months to resolve a 600,000 barrel a day difference over production limits if they want to secure an agreement that could prevent another year of oversupply on the oil market.

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