OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over the way forward. The OPEC board of governors met on Monday in Vienna to discuss the latest draft of its LTS. While they made progress on some issues, OPEC kingpin Riyadh disagreed with Tehran’s proposal to include “effective production management” as a challenge for the group, two OPEC sources said. “Iran and Saudi did not agree,” said one source, who declined to be identified. Iran, according to an earlier draft of the LTS seen by Reuters in November, had proposed that the first of 10 challenges OPEC listed for […]