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OPEC Discusses Output Hike of Up to 600,000 Barrels a Day
Bloomberg: OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, Bloomberg News reports, citing people briefed on the talks.
While Iran said on Sunday it’s opposed to any increase to current quotas, officials from a number of other countries are optimistic that an agreement can be won for a relatively modest hike at this week’s meeting in Vienna, the people said, asking not to be named discussing private conversations.
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