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OPEC’s Last Push for Oil-Cuts Deal Shifts Focus to Iran, Russia

Posted on 25 November 2016

OPEC’s final push to implement the Algiers supply accord and boost oil prices shifted focus to Iran and non-members such as Russia as Iraq appeared to reverse its opposition to output cuts.
The extension of shuttle diplomacy — including a visit to Tehran from an architect of the September agreement and an unusual Vienna breakfast with non-OPEC ministers — comes after an OPEC committee failed this week to hammer out details of how producers will share the burden of cuts. With less than a week until the crucial Vienna ministerial meeting, the refusal of just one major producer to participate could scuttle the whole deal………………………………….Full Article: Source


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