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OPEC wrangle over meeting date exposes deepening Saudi Arabia-Iran rift

Updated : June 19, 2019 07:12 PM IST

OPEC's month-long wrangle over a date for its next meeting has highlighted a changing dynamic in the group with decisions increasingly driven by long-time leader Saudi Arabia in tandem with non-OPEC Russia, angering member states like Iran.
OPEC sources said Russia was behind a suggestion to push the meeting back until after G20 talks due to be held in late June, a stance backed by Saudi Arabia.
Iran, a founding OPEC state, has been pushed down the group's production rankings as US sanctions imposed in a nuclear row have cut its crude exports.
OPEC wrangle over meeting date exposes deepening Saudi Arabia-Iran rift

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