OPEC may raise output, Iran against it

OPEC oil producers may opt to raise output when they meet next week due to rising political pressure, although Iran will lobby the cartel to trim oversupply instead, the country’s OPEC governor told a newspaper.

Bucking the trend of members looking to leave production unchanged on June 15, Hossein Kazempour Ardebili said it wanted the group to pull production back to official quota levels.