Don’t miss the latest developments in business and finance.

No agreement on Opec oil output deal yet over exemptions for Iran: Report

Opec failed to agree on concrete parameters for a deal to restrict output on Thursday

Opec
OPEC says winning battle to end oil glut OPEC-MEETING The OPEC logo is pictured at its headquarters in Vienna The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna. Photo: Reuters
Reuters Vienna
Last Updated : Dec 07 2018 | 2:03 PM IST

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 to 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 on concrete parameters for a deal to restrict output.    
 

More From This Section

First Published: Dec 07 2018 | 1:36 PM IST

Next Story