OPEC yet to agree final deal as Iran seeks exemptions

© Reuters. Iran's Oil Minister Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna© Reuters. Iran’s Oil Minister Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna

VIENNA (Reuters) – 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 exemptions for sanctions-hit Tehran, two OPEC sources said.

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.

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

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Source: Investing.com