OPEC Deal Disintegrates After Iran Press Accuses Saudi Arabia Of “Reneging” On Agreement

On Friday, after reading the latest shift in the ever-changing, always fluid OPEC narrative, according to which Saudi Arabia now was demands Iranian oil production cuts contrary to the agreement reached at the end of September in Algiers, in which Iran was granted an exemption from the upcoming supply cut negotiation in Vienna on November 30, we were confused:
Wait so the Saudis demand Iran cuts production now after explicitly granting Iran an exemption in Algiers?
— zerohedge (@zerohedge) November 25, 2016

This post was published at Zero Hedge on Nov 27, 2016.

Comments are closed.