Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana. “Member countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018,” Bijan Zanganeh wrote in a letter sent to Saudi Energy Minister Khalid al-Falih, according to Shana. …read more
Source:: Yahoo Finance
