IRANIAN - IRAQI REDUCTION
WSJ wrote, Iran and Iraq emerged as major stumbling blocks to an OPEC agreement on reducing crude-oil output, as cartel members gathered ahead of their official meeting to tackle the thorny puzzle of how to share the pain of reducing their production.
Officials of the Organization of the Petroleum Exporting Countries who met for midlevel talks aimed at nailing down terms ahead of a formal Nov. 30 meeting made progress by outlining cuts of as much as 4.5% for most countries, and by providing specific targets to each country, people familiar with the…
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