OPEC, Russia to Discuss Output as Iran Sanctions Bite, Trump Concerns Loom
Oil producers face dilemma ahead of U.S. elections, with prices near multiyear highs/ OPEC and its Russia-led counterparts meet this weekend, as international oil prices flirt with multiyear highs, to gauge whether they need to boost output amid U.S. sanctions on Iran. The discussions come at a tricky time for the cartel—just a few months before U.S. midterm elections, a time when oil prices take on outsize political importance in the country that burns more oil than any other. President Trump has already taken public aim at OPEC this year, ...
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