Iran May Propose OPEC Oil-Output Cut in Saudi Meeting, Mehr Says
Iran may propose that OPEC cuts its output target by as much as 1 million barrels a day to prop up prices when the country’s oil minister meets his Saudi counterpart as the group gathers this week, Mehr News reported. Bijan Namdar Zanganeh and Saudi Arabia’s Oil Minister Ali Al-Naimi will confer on the sidelines of the planned meeting in Vienna of the Organization of Petroleum Exporting Countries to define a common view among the group’s 12 members for supporting crude prices, state-run Mehr reported, without saying where it got the ...
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