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  1. OPEC deal on oil output ceiling seen tough due to Iran – sources

OPEC deal on oil output ceiling seen tough due to Iran – sources

Last-minute diplomacy was under way in an attempt to have OPEC reach a compromise at its meeting on Thursday, with the Iranian delegation....

By: | Vienna | Published: June 2, 2016 2:06 PM
OPEC, OPEC oil A new ceiling on oil output for OPEC seems distant. (Reuters)

A deal for OPEC to set a new ceiling on oil output looks unlikely as Iran is taking a tough position, two OPEC sources said on Thursday.

Last-minute diplomacy was under way in an attempt to have OPEC reach a compromise at its meeting on Thursday, with the Iranian delegation meeting Nigeria and Qatar in the morning.

OPEC is due to start its meeting at 0800 GMT, with a closed session starting at 1000 GMT and a news conference at 1400 GMT, according to a preliminary agenda.

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Tags: OilOPEC

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