| Growing hopes for an Opec deal on production has helped the oil price continue its rebound after hitting three-month lows last week. Iran, one of the most stubbornly resistant members of the 14-nation cartel, has been offered an exemption from export cuts so long as it agrees to "at least cap production" at its pre-international sanctions level, Reuters reports.
It adds: "This would leave the onus of an outright reduction on other Opec members, including its political rival and de-facto Opec leader Saudi Arabia.".........................................Full Article: Source
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