OPEC meets in Vienna on Nov. 30 to discuss production limits Iran, Russia, Saudi Arabia have signaled optimism about deal Iraq, OPEC’s second-biggest producer, will offer proposals this month to help the producer group reach an agreement on an output freeze to shore up prices. Details of the proposals were not provided in an e-mailed statement from the Iraq Oil Ministry on Monday. The nation’s “legitimate demands” shouldn’t be considered as obstacles to reaching an accord, Oil Minister Jabbar al-Luaibi said in the statement. Iraq has sought an exemption from joining any production cuts, arguing that its fight against Islamic State justifies special treatment. The Organization of Petroleum Exporting Countries agreed in September in Algiers to cut their collective output to 32.5 million to 33 million barrels a day. While quotas will be decided at OPEC’s Nov. 30 meeting, Libya, Nigeria, Iran and Iraq have said they should be […]