Iran Expects OPEC to Stick to Supply Limits
- Nation rejects IEA’s suggestion of a decline in Iranian output
- Country also slams Trump attempts to intervene in OPEC affairs
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OPEC nation Iran said it expects the group to stick with its pact to restrain oil supply as world markets don’t need more crude.
The Organization of Petroleum Exporting Countries and its partners will meet next week and debate whether to restore output halted last year. Saudi Arabia and Russia have said it’s time to reverse the cuts and appear to have begun reviving supplies, but face opposition from Iran, Iraq and Venezuela.