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Higher oil supply acceptable if justified by demand and agreed by all OPEC - source

Reuters

VIENNA (Reuters) - An increase in oil supply would be acceptable if justified from the demand side and agreed upon by all OPEC members, a source familiar with Iranian thinking said on Thursday.

“An increase because of external pressure on OPEC is not acceptable,” the source said.

Oil ministers from the Organisation of the Petroleum Exporting Countries meet on Friday in Vienna, followed by talks with non-OPEC oil producers on Saturday.

(Reporting by Alex Lawler; Editing by Dale Hudson)