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OPEC Delays Long-Term Strategy Amid Rift Over Production

From left to right, Minister of Oil of Iraq, Adil Abd Al-Mahdi, Minister of oil of Iran, Namdar Zangeneh, Venezuela's Minister for Petroleum and Mining, Asdrubal Chavez J, and Secretary General of the International Energy Forum (IEF), Aldo Flores-Quiroga, and Secretary General of the Energy Charter, arrive to the Organization of the Petroleum Exporting Countries (OPEC) 's 6th International seminar at Hofburg Place on June 3, 2015 in Vienna, prior to the OPEC meeting on June 5, 2015.
  • Approval of five-year plan delayed until 2016, delegates said

OPEC’s board of governors was unable to agree on the group’s long-term strategy plan and won’t present it to oil ministers when...


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