OPEC

Iran Halts Spot Sales Amid Calls for OPEC Production Cuts 

Last week's precipitous decline in spot market oil prices - which continued to flounder around or under the $20/B mark this week - has prompted a round of bilateral consultations between OPEC members, accompanied by various suggestions for dealing with the current crisis. These in general stress the need for the restoration of production discipline within OPEC, laying the emphasis on revenues rather than market...