Oil Producers Debate Best Way to Contain Crude Prices

OPEC members and non-OPEC countries meeting in Algiers weigh approach once sanctions Iran take effect in November

ALGIERS, Algeria—OPEC producers largely agree that oil prices above $80 a barrel would be too high. But there is widespread disagreement on how the cartel and its allies should contain crude prices once U.S. sanctions banning Iranian oil sales take effect in November.

The lack of a consensus highlights inequities between oil-producing countries that can boost output beyond current levels and those that can’t. The former group would like to see a rise in demand. The latter prefer higher oil prices.

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