As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan production and the potential loss of some of Iran’s oil exports due to the return of U.S. sanctions, sources at OPEC and within the industry told Reuters . OPEC members from the Persian Gulf are leading early talks on when the cartel could start lifting production to “cool” the oil prices after Brent Crude hit $80 a barrel last week, the sources told Reuters on Tuesday. The initial talks are also focused on how much volume each OPEC member could add, according to the sources. “All options are on the table,” and a possible decision to ease the cuts could be made next month at the Vienna meeting, one oil source from a Gulf nation told Reuters. According to […]