Reuters: Iranian Oil Minister Gholamhossein Nozari said on Tuesday he would support a cut in production by OPEC when it meets this week in Vienna because the market was adequately supplied with crude. TEHRAN (Reuters) – Iranian Oil Minister Gholamhossein Nozari said on Tuesday he would support a cut in production by OPEC when it meets this week in Vienna because the market was adequately supplied with crude.
“Because there is enough oil in the market, we believe that production should be cut,” the minister told Iran’s ISNA news agency a day before the Vienna meeting.
“OPEC in its…meeting will decide to cut its crude oil production.”
