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OPEC output cut deal held up over Iran


Devdiscourse News Desk
Updated: 07-12-2018 13:27 IST
OPEC output cut deal held up over Iran

Saudi Arabia has yet to agree exemptions for sanctions-hit Tehran

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. (Reporting by OPEC Newsroom; Editing by Dale Hudson)

(With inputs from agencies.)