02 June 2016 at 1:12 GMT
Saudi Arabia is ready to consider a surprise deal with fellow Opec members, attempting to mend divisions that had grown so wide many dubbed the group as good as dead. As ministers prepared to meet in Vienna on Thursday, the organisation’s largest oil exporter was discussing ideas including restoring a production target scrapped in December, according to delegates familiar with the situation, asking not to be named because the talks are private. Still, no formal proposal has yet been made and Iran’s minister said a new output ceiling wasn’t an attractive plan.
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