Iran supports deeper crude oil cuts by the Organisation of the Petroleum Exporti...
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo
DUBAI - Iran supports deeper crude oil cuts by the Organisation of the Petroleum Exporting Countries if a majority of members agreed with it, Oil Minister Bijan Zangeneh was quoted as saying by the Iranian energy news website Shana. A technical panel, known as the JTC, that advises OPEC and its allies led by Russia - a grouping known as OPEC+ - proposed on Thursday a provisional cut of 600,000 barrels per day , three sources told Reuters.
OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.
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