OPEC Oil Ministers Meet, Likely to Maintain Output Targets

June 5, 2015 Updated: June 6, 2015

VIENNA— OPEC ministers in Vienna are expected to maintain the organization’s output target, but Iran is signaling it wants a greater share of the cartel’s production.

Iranian oil sales have been crimped by sanctions imposed over its nuclear program. These could be eased by June 30 if Tehran reaches a nuclear deal with six world powers.

Petroleum Minister Bijan Namdar Zangeneh said Friday his country was eager to sell more crude.

Zangeneh says increased Iranian production does not have to be approved by the Organization of the Petroleum Exporting Countries because “it’s our right to return to the market.”

OPEC is already producing more than its target of 30 million barrels a day even without the additional 1 million barrels a day Tehran hopes to produce within a year.