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No agreement on Opec oil output deal yet over exemptions for Iran: Report

Reuters/Vienna 07 Dec 18 | 01:36 PM

Opec logo. File photo

Iran appears to be the main obstacle for an Opec oil output deal on Friday as the group's leader Saudi Arabia has yet to agree to exemptions for sanctions-hit Tehran, two Opec sources said.  

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The Organization of the Petroleum Exporting Countries resumes discussions on Friday in Vienna before heading into a meeting with non-Opec oil producers led by Russia.

ALSO READ: OPEC to consider Modi's views on slashing oil prices: Saudi Energy minister

On Thursday, Opec failed to agree on concrete parameters for a deal to restrict output.    

ALSO READ: OPEC waiting for Russia before deciding how much oil production to cut 

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