OPEC members propose Iran oil output be capped at 3.92m b/d

18 November 2016, Vienna, Austria — OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day (b/d) under a production-limiting deal for the whole group, a source familiar with the proposal told Reuters. The figure means OPEC members may be coming nearer to a consensus on how much Iran […] More »