Expect some sort of Goldilocks scenario from OPEC on future supplies, though talks under way in Vienna are increasingly contentious, a consultant group said. Ministers from the Organization of Petroleum Exporting Countries arrived this week in Vienna for their regular meeting. At issue, this week is a global market in relative balance between supply and demand for oil. Non-market issues like violence in Libya sustained political issues in Venezuela, and future sanctions pressure on Iran raise questions about market balance. Saudi Arabia, the de facto leader of OPEC, has joined Russia, the largest non-member state contributor to an effort to keep the market balanced, in hinting more oil will come on the market this year. Iran, the main political advisory of Saudi Arabia, complained of unilateralism from Riyadh, stating no new barrels are needed. The United States, Iran’s opponent and Saudi ally, has weighed in […]