Iran supports unanimous OPEC output cut plan: Zangeneh


Reuters | Tehran | Updated: 08-02-2020 16:40 IST | Created: 08-02-2020 16:14 IST
Iran supports unanimous OPEC output cut plan: Zangeneh
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Iran supports deeper crude oil cuts by the Organisation of the Petroleum Exporting Countries (OPEC) if a majority of members agreed with it, Oil Minister Bijan Zangeneh was quoted as saying by the Iranian energy news website Shana.

A technical panel, known as the JTC, that advises OPEC and its allies led by Russia - a grouping known as OPEC+ - proposed on Thursday a provisional cut of 600,000 barrels per day (bpd), three sources told Reuters.

OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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