Saudi Energy Minister Khalid al-Falih

Saudi Signals Compromise For Iran as OPEC Debates Output Cut

By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA, Nov 30 – Saudi Energy Minister Khalid al-Falih said on Wednesday OPEC was close to clinching a deal to limit oil output, adding Riyadh was prepared to accept “a big hit” on its own production and agree to arch-rival Iran freezing output at pre-sanctions levels.

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