OPEC is unlikely to cut production or change course at its next meeting in Vienna, a top Iranian oil ministry official said, according to a state news agency. In the past, Iran and countries such as Venezuela and Iraq have called for production cuts to address a market oversupplied by new output from the U.S. But Saudi Arabia, the Organization of the Petroleum Exporting Countries’ de facto leader and the world’s largest crude exporter, led a new policy of digging in and fighting for a market share at the cartel’s most recent meeting in November. Asked if he thought OPEC would change course at its next meeting on June 5, Deputy Oil Minister Rokneddin Javadi said, “I don’t think so.” Speaking to reporters in a separate session on the sidelines of an energy conference here, Mr. Javadi suggested that not all OPEC members were happy with the outcome […]