Bloomberg | Julian Lee: Iran has offered OPEC something that could begin to ease the fraught atmosphere in Vienna. A potential compromise, though, would require the group to abandonindividual output targets and see it cedemarket share to Saudi Arabia.
Irans oil minister,Bijan Zanganeh, toldjournalists that the group does not need to change its output deal, andinsisted that he would veto any move to boost production. As Ive argued, theSaudi shiftaway from the policy of cutting production left Fridays meeting at risk of ending without an agreement, something that hasnt happened since 2011.Zanganehs commentsset it on that path.