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Iran and Iraq Stumbling Blocks to OPEC Production Cut

Posted on 23 November 2016

Iran and Iraq have emerged as major stumbling blocks as OPEC officials tried to make progress on the broad outlines of a production cut that would thrust the cartel back into the position of directly trying to influence petroleum prices.
Two years after the Organization of the Petroleum Exporting Countries made the historic decision—on Thanksgiving Day—to let prices fall without taking action, the cartel’s members met for midlevel talks to nail down an agreement ahead of their formal Nov. 30 meeting………………………………………Full Article: Source


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