OPEC policy change unlikely amid Saudi-Iran tension

Dr. Florence Eid-Oakden quoted in AA News Agency on OPEC’s June 2 meeting.  

"No deal on output is expected at OPEC’s June 2 meeting, given Saudi Arabia’s insistence that any deal would be conditional on Iran’s participation."

"However, the underlying economic motivation for Saudi production policy remains -- an attempt to regain market share and drive out high-cost competitors," she added.  

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