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OPEC’s Arab producers must cut output: Iran

Posted on 11 October 2011

Those Arab members of the Organization of Petroleum Exporting Countries which have increased their oil output in recent months to compensate Libya’s production cut, should reduce their output because the global market is oversupplied, Iran OPEC governor said.
Mohammad-Ali Khatibi told the Mehr news agency on Monday that secretary general of OPEC has offered the Arab members of OPEC to cut their oil output, because the gradual return of Libyan oil production was bolstering oil supplies……………………………………….Full Article: Source


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