CNBC | Saudi Arabia-Iran tensions ignite OPEC worries CNBC The meeting comes at a crucial juncture for oil prices that have witnessed a pronounced downturn amid an economic slowdown, excess supply from traditional producers as well as competition from shale producers in the U.S. A section of the market has ... Saudis soften oil stance on Iran but OPEC deal still elusive Oil Prices Edge Up as Hopes Shift to OPEC's November Meeting Old rivalries seen blocking OPEC deal to support oil price |