Thursday, June 02, 2016

OPEC Risking Irrelevance?

Iran calls for OPEC production quotas as cartel mulls output levels

Vienna (dpa) - The Organization of the Petroleum Exporting Countries (OPEC) should set production quotas for individual members, Iran demanded Thursday at a meeting of the cartel, highlighting divisions over the group's production strategy. Some Arab members of OPEC would like to restart a discussion on freezing output at current levels to ramp up prices, but…

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