OPEC Deal Disintegrates After Iran Press Accuses Saudi Arabia Of "Reneging" On Agreement
On Friday, after reading the latest shift in the ever-changing, always fluid OPEC narrative, according to which Saudi Arabia now demands Iranian oil production cuts contrary to the agreement reached at the end of September in Algiers, in which Iran was granted an exemption from the upcoming supply cut negotiation in Vienna on November 30, we were confused:
Wait so the Saudis demand Iran cuts production now after explicitly granting Iran an exemption in Algiers?
— zerohedge (@zerohedge) November 25, 2016