November 4, 2019 / 9:51 AM / 17 days ago

Iran's Zanganeh sees more output cuts by OPEC at next meeting: report

FILE PHOTO: Iran's Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, July 1, 2019. REUTERS/Leonhard Foeger

DUBAI (Reuters) - Iranian Oil Minister Bijan Zanganeh was quoted as saying on Monday that he expects further production cuts to be agreed at the next meeting of the Organization of the Petroleum Exporting Countries (OPEC) in December.

“We expect the decline in oil production to increase further, which means that we will see a further decrease by OPEC to the market,” Iran’s semi-official Mehr news agency quoted Zanganeh as saying when asked about the next OPEC meeting.

Reporting by Dubai newsroom; editing by Jason Neely

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