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OPEC fails to agree on production at Vienna meeting
OPEC members failed to reach a consensus on production measures in Vienna. Iran pressed for no quotas while Saudi Arabia urged restraint as tensions between the Sunni kingdom and Shiite Iran shaped talks. Prices drifted after the inconclusive session as analysts questioned OPEC’s unity and influence.
MENTIONED IN THIS ARTICLE
Vienna
OPEC
Abdulla al-Badri
Saudi Arabia
Iran
Mideast
Organization of the Petroleum Exporting
Tehran
Mehdi Hosseini
Petroleum Ministry
Hosseini
International Energy Agency
Desert
Syria
Yemen
Iraq
Khalid A. al Falih
Robin Mills
Quamar Energy
Dubai
U.S
Mohammed bin Saleh al-Sada
Bob Minter
Aberdeen Asset Management Investment
Khalid al- Falih
Energy, Industry and Mineral Resources
Organization of the Petroleum Exporting Countries
Austria