Saudi-Iran Rivalry Sets Scene for OPEC Showdown Over Output

Some said they spent far more time discussing the succession of Secretary General Abdullah al-Badri, whose term is expiring.

One thing is clear though - Friday's decision will in no way help persuade non-OPEC rivals to curtail their output.

"I find it very strange when proposals are being made to cut output when OPEC itself is increasing production," the head of the Kremlin oil major Rosneft Igor Sechin told Reuters last week ahead of the OPEC meeting.

(Writing by Dmitry Zhdannikov; editing by Jonathan Leff, Richard Mably and Richard Balmforth)


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