OPEC deal on oil output ceiling seen tough due to Iran - sources

Reuters

Thu, Jun 2, 2016, 4:32 AM

VIENNA (Reuters) - A deal for OPEC to set a new ceiling on oil output looks unlikely as Iran is taking a tough position, two OPEC sources said on Thursday.

Last-minute diplomacy was under way in an attempt to have OPEC reach a compromise at its meeting on Thursday, with the Iranian delegation meeting Nigeria and Qatar in the morning.

OPEC is due to start its meeting at 0800 GMT, with a closed session starting at 1000 GMT and a news conference at 1400 GMT, according to a preliminary agenda.

(Reporting by OPEC Newsroom; Editing by Dale Hudson)

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