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From Times Staff and Wire Reports

Iran Seeks Oil Production Cut: Iran’s oil minister arrived in Vienna for OPEC’S midyear conference demanding a cut in oil production, but his Saudi rival stayed home, pleading fatigue. The unexpected absence of Saudi Arabia’s influential Oil Minister Hisham Nazer from the 13-nation Organization of Petroleum Exporting Countries talks raised questions about the outcome of the conference that opens today. Nazer and Gholamreza Aqazadeh, the Iranian minister, have a history of disagreement over strategies for the cartel’s pricing and production. There have been reports of heated exchanges in closed-door OPEC sessions.

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