UPDATE: Saudi Said Ready to Reject OPEC Deal Unless Iran-Iraq Compromise - Bloomberg

November 29, 2016 9:02 AM EST

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(Updated - November 29, 2016 9:06 AM EST)

Saudi Arabia is ready to reject a deal unless all OPEC members exuding Libya and Nigeria participate in the oil-output agreement, according to Bloomberg, citing people familiar.

Saudi Arabia won't insist that Iran and Iraq make the same size reduction as other members, and hasn't decided from which level they would be asked to cut.

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