Iran has not yet made a decision on whether or not it will join the OPEC meeting next month, and according to officials there, production levels have not reached a point at which the country can ink an output agreement. This time around, September’s OPEC meeting is an informal one set to take place in Algiers, with a main agenda of talks surrounding the tightening of oil output. A spokeswoman for the nation’s oil ministry said that no decision has been made about attending the meeting, and that the country has not made a decision on joining an output cap. That spokeswoman said that the country would probably not reach pre-sanction production levels prior to the September meeting. The oil market fluctuated a bit in reaction to the news. US crude futures closed on Tuesday at $46.62 a barrel. Brent closed just above $48.50 per barrel. Iran […]