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Iran: Iran Says OPEC may Cut Output by 1 to 3mln bpd.
Section: General News - Iran said on Sunday that OPEC will consider an output cut of one to three million barrels per day (bpd) of oil in its upcoming meeting.
"It seems that a (oil) production cut from one to three million bpd will be examined in the October 24 meeting," Iran's OPEC Governor Mohammad Ali Khatibi said.
"Iran is seeking a production cut to create stability in the market," MNA quoted Khatibi as saying.
The Organization of Petroleum Exporting Countries is expected to announce on October 24 that it is cutting oil output to help lift crude prices that have dived 55 percent since reaching record highs in July, as a global economic …
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