OPEC Rift Emerging Over Iraq Output, Possible Return of Iran -- Wall Street Journal
Some Members of the Cartel May Have to Decide to Cut Output in the First Half of Next Year
Tensions are emerging within the Organization of the Petroleum Exporting Countries over which member countries should trim oil production to make room for a resurgence in Iraqi exports and the possible return of more Iranian crude to world markets if sanctions are eased.
There is no expectation of a decision to cut back at the OPEC cartel's meeting in Vienna on Wednesday. The group of 12 of the world's largest producers, though long riven by squabbling, has kept its overall production ceiling at 30 million barrels a day since December 2011.
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My Comment: I am not going to shed a tear for them.
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