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Iran Wants OPEC to Discuss Output Cut in March | ASHARQ AL-AWSAT English Archive 2005 -2017
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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.