Opec set for another meeting with no accord

London

AFTER failing to reach an accord on oil supply in Doha last month, Opec is poised to have another meeting with no agreement on how much crude to produce.

All but one of 27 analysts surveyed by Bloomberg said that the Organization of the Petroleum Exporting Countries will not set an output target on June 2, as it sticks with Saudi Arabia's strategy to squeeze out rivals including US shale drillers by pumping near-record volumes. An accord on an output cap with non-members such as Russia collapsed in Doha last month when Saudi officials insisted Iran would need to take part.