Don’t expect OPEC to budge on Iran’s call for oil-output cuts

April 15, 2015 8:05 AM

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Don’t expect OPEC to budge on Iran’s call for oil-output cuts

A call for the Organization of the Petroleum Exporting Countries to cut production helped rally prices on Tuesday. But the request from Iran isn’t likely to sway the crude-oil cartel, experts say.

“We have heard the same line from Iran since sanctions were imposed,” said James Williams, an energy economist at WTRG Economics. “It is hard to recall an OPEC meeting when Iran was not asking others to cut so that the price would rise.”

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