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OPEC talks stall as Saudis refuse to exempt Iran from oil cut

Reuters  |  VIENNA 

By Rania El Gamal, Ahmad Ghaddar and Olesya AstakhovaVIENNA (Reuters) - OPEC talks on oil production cuts reached deadlock on Friday as the group's leader Saudi Arabia refused to grant sanctions-hit Iran exemptions from planned reductions, OPEC sources said.Saudi Energy Minister Khalid al-Falih, asked on Friday whether he was confident the day's meetings would produce a deal, said: "No."The Organization of the Petroleum Exporting Countries was meeting in Vienna for a second day running, before discussions later in the day with non-member oil producers led by Russia.On Thursday, OPEC ...

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First Published: Fri, December 07 2018. 17:32 IST