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Thursday, 13 December 2018

OPEC yet to agree final deal as Iran seeks exemptions: Sources

Reuters , Friday 7 Dec 2018
OPEC
Iran's Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria December 6, 2018. (Reuters)
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Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group's leader Saudi Arabia has yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said.

The Organization of the Petroleum Exporting Countries resumes discussions on Friday in Vienna before heading into a meeting with non-OPEC oil producers led by Russia.

On Thursday, OPEC failed to agree concrete parameters for a deal to restrict output.

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