Zanganeh: OPEC expected to cut output by over 1 mbpd
Iran's oil minister Bijan Zanganeh said Nov. 30 that OPEC output is expected to decrease by 1-1.2 million barrels per day (mbpd), SHANA news agency reported. Zanganeh made the remarks on Nov. 30, just hours before OPEC ministers meet to discuss production cuts. Zanganeh also said that Russia’s position has changed after the recent phone talk between Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin. Russia is ready to decrease its output and cooperate with OPEC, he added. He further said that Iran’s crude oil and ...
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