Iran urges OPEC to cut output
Iranian Oil Minister Bijan Namdar Zanganeh has asked the Organization of the Petroleum Exporting Countries (OPEC) to reduce production by at least 1.3 million barrels per day (mbpd). Ahead of the upcoming OPEC meeting, Zanganeh has written a letter to OPEC chief Abdallah Salem el-Badri, announcing that the cartel members should be committed to the ceiling level, which had been set at 30 mb/d, Mehdi Asali, an Iranian oil ministry official said, Mehr news agency reported Dec. 1. It is time for certain OPEC members to cut their output, ahead ...
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