According to Reuters, the Organization of the Petroleum Exporting Countries agreed last week to reduce oil output by around 1.2 million barrels per day (bpd) beginning in January in a bid to reduce global oversupply and prop up prices.
Iran's oil minister to attend OPEC, non-OPEC meeting in Vienna: SHANA
Dec 5, 2016, 11:05 AM
News ID:
7230
EghtesadOnline: Iran's oil minister Bijan Namdar Zanganeh will attend the meeting between OPEC and non-OPEC members on Dec 10 in Vienna, the ministry's news agency SHANA said on Monday, as the countries try to finalize a global oil output-limiting pact.