Doha Oil-Freeze Talks Delayed to Address Saudi-Iran Differences
- Producers discuss capping output at January level to Oct. 1
- General agreement is in place amid talks over wording: Ecuador
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Talks in Doha between some of the world’s biggest oil producers on freezing production have been delayed until later Sunday amid changes to the wording of the agreement, in part to address differences between Saudi Arabia and Iran.
“The general agreement is in place,” Wilson Pastor, Ecuador’s governor to OPEC, said in a Bloomberg Television interview in Doha. “Now there is some disagreement on the wording and maybe this afternoon we are going to finish,” he said, adding that details on the monitoring of the agreement and a follow-up meeting were also to be finalized.