OPEC Set for no Deal as Iran Rejects Saudi Oil Output Offer

OPEC Set for no Deal as Iran Rejects Saudi Oil Output Offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.OPEC Set for no Deal as Iran Rejects Saudi Oil Output Offer

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