Iran share grab seen dimming prospect for freeze
A freeze would be the group’s first decision to limit output since Opec adopted a Saudi-led plan in 2014 allowing members to pump more to protect market share/ Dubai: Iran’s plan to keep boosting crude production until it regains its Opec market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC. “I’m not overly optimistic about an oil freeze being agreed,” Allman-Ward said in a Bloomberg Television interview in Dubai on Sunday. ...
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