Question of Iran, Iraq production cuts deferred to ministers: delegates
London
OPEC (Organization of the Petroleum Exporting Countries) talks in Vienna on Tuesday didn't resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov 30, said two delegates.
While Libya's Opec governor Mohamed Oun said that the meeting ended with a consensus that will be presented to ministers, he declined to comment on whether the group's second and third-largest members are willing to limit output.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains