29 Oct '16, 1pm

#peakoil OPEC Officials Yet To Agree On How To Implement Supply Cut: OPEC officials meeting in Vienna to wo...

OPEC Officials Yet To Agree On How To Implement Supply Cut OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks on Friday, amid objections by Iran which has been reluctant to even freeze its output, OPEC sources said. The High Level Committee of experts will meet again in Vienna on Nov. 25 ahead of the next meeting of OPEC ministers on Nov. 30, to “finalise individual quotas”, one source said. They will also meet as scheduled on Saturday with representatives of non-OPEC producers, which OPEC wants help from in curbing supplies. “Yes, we continue tomorrow with non-OPEC,” one of the sources said. “(There was) no complete agreement today since Iran refuses to freeze production.” “We didn’t finish all. We are looking to the next meeting on November 25 to finalise individual quotas,” anoth...

Full article: http://peakoil.com/production/opec-officials-yet-to-agree...

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