OPEC latest: Saudi's ready to walk, Iran and Iraq throw numbers out, OPEC could issue a statement

Never a dull moment

The latest from OPEC is that;

  • Iraq wants to freeze at 4.55mbpd

  • OPEC is still trying to resolve differences at this technical meeting

  • (further to Adam's post earlier) A deal is not possible Wednesday unless all group members agree to use secondary sources

  • Saudi's are ready to walk away if that doesn't happen. They want a deal the market will respect

  • Saudi's also insist Iran cuts output

  • OPEC considering a statement summing up all the concerns over production cuts

Non-stop fun eh?

Best in 2026

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