I Iranian Oil Minister Bijan Zanganeh, who arrived early in Vienna, said his country was already producing below its capacity , so further cuts would be unfavorable for a country struggling to cope with sanctions targeting its energy sector. Members of the Organization of Petroleum Exporting Countries are working to shore up a market share in an era when U.S. dependence is plummeting because of the glut of oil from shale. Low prices mean less revenue for countries like Iran that rely heavily on export revenue. “We need to speak to other [member states] and exchange views with them on how to deal with the situation,” the Iranian minister said. “The most important thing for all of us is the unity and solidarity of OPEC.” The […]