Iran-Saudi Arabia row threatens any Opec deal, puts role in question
Opec's thorniest dilemma of the past year — at least from a purely oil standpoint — is about to disappear. Less than six months after the lifting of western sanctions, Iran is close to regaining normal oil export volumes, adding extra barrels to the market in an unexpectedly smooth way and helped by supply disruptions from Canada to Nigeria. But the development will do little to repair dialogue, let alone help clinch a production deal, when meets next week amid rising political tensions between arch-rivals Iran and oil superpower Saudi ...
Click
To Read Full Article