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Iran Wants OPEC to Discuss Output Cut in March - ASHARQ AL-AWSAT English Archive
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TEHRAN, (Reuters) – Iran wants OPEC to discuss cutting output at the cartel’s next meeting in March, Iranian Oil Minister Gholamhossein Nozari said on Saturday.

Nozari was speaking a day after OPEC, meeting in Vienna, kept oil supplies unchanged and Iran and Venezuela said it may need to curb output in March to defend prices against a drop in demand, should the United States slip into recession.

“Our proposal … for the upcoming meeting is that OPEC … cuts its output capacity,” Nozari told a news conference in Tehran, saying the Organisation of the Petroleum Exporting Countries had done this in the past at the end of the cold season in the northern hemisphere.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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