OPEC edges closer to raising oil output, Iran's agreement is key
OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable./ FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/ A production rise of about 1 million barrels per day (bpd) or around 1 percent of global supply was emerging as a consensus for the group and its allies, OPEC sources ...
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