You are here: Home » Markets » Commodities » Energy
Business Standard

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

Reuters  |  Vienna 

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
Opec logo. File photo

Iran appears to be the main obstacle for an 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.

ALSO READ: OPEC to consider Modi's views on slashing oil prices: Saudi Energy minister

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

ALSO READ: OPEC waiting for Russia before deciding how much oil production to cut

First Published: Fri, December 07 2018. 13:36 IST
RECOMMENDED FOR YOU