UPDATE 6-OPEC heading for no output cut despite oil price plunge

miércoles 26 de noviembre de 2014 16:12 GYT
 

* Saudi's Naimi says Gulf OPEC countries reach consensus

* Saudi, UAE say oil market will eventually stabilise

* Iran sees oil glut growing next year

* Iran says some OPEC members want to battle for market share (Adds details from delegates)

By Alex Lawler, Amena Bakr and Rania El Gamal

VIENNA, Nov 26 (Reuters) - OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.

"The GCC reached a consensus," Saudi Arabian Oil Minister Ali al-Naimi told reporters, referring to the Gulf Cooperation Council which includes Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. "We are very confident that OPEC will have a unified position."

"The power of convincing will prevail tomorrow ... I am confident that OPEC is capable of taking a very unified position," Naimi added.

A Gulf OPEC delegate told Reuters the GCC had reached a consensus not to cut oil output. Three OPEC delegates separately told Reuters they believed OPEC was unlikely to take any action when the 12-member organisation meets on Thursday after Russia said it would not cut output in tandem.   Continuación...