The Wall Street Journal: Saudis, Iran don’t anticipate oil-freeze deal at OPEC talks

Saudi Arabian and Iranian oil officials have clashed this week over production limits, people familiar with the matter said, as OPEC struggles to iron out differences ahead of a meeting next week in Algeria where output controls will be discussed.

The disagreements highlight the chasm that still separates the two geopolitical rivals on economic issues as they stand on opposite sides of the civil war in Syria and the violent conflict in Yemen.

Saudi Arabia has floated a proposal to lower its production somewhat to a yearly average output from recent record highs of 10.6 million barrels a day, as long as others in the Organization of the Petroleum Exporting Countries joined, according to people familiar with the matter.

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