Iran General NewsIran says OPEC may back output cut in Sept-report

Iran says OPEC may back output cut in Sept-report

-

ImageReuters: Iran's OPEC governor said on Monday the Organisation of the Petroleum Exporting Countries could agree to cut output when it meets this month because of the recent fall in oil prices, Mehr News Agency reported.

ImageTEHRAN, Sept 1 (Reuters) – Iran's OPEC governor said on Monday the Organisation of the Petroleum Exporting Countries could agree to cut output when it meets this month because of the recent fall in oil prices, Mehr News Agency reported.

Oil has fallen from a record level around $147 a barrel in July to around $116 a barrel on Monday.

"In view of the drop in oil prices, there is this possibility that OPEC would approve an output cut in its upcoming meeting in Vienna," Mohammad Ali Khatibi was quoted as saying, adding that oil supply exceeded demand in the market. (Reporting by Hashem Kalantari, writing by Edmund Blair; editing by Kim Coghill)

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Student Day protests planned in Iran

Iran Focus: Tehran, Dec. 06 - From the Grapevine......

Cleric in Iran issues fatwa against US-Iraqi pact

AP: An influential Iraqi cleric living in Iran on...

You might also likeRELATED
Recommended to you