publish time

29/11/2016

author name Arab Times

publish time

29/11/2016

VIENNA, Nov 29 (Reuters) - Iran has written to the Organization of the Petroleum Exporting Countries saying Saudi Arabia needs to cut oil output to 9.5 million barrels per day, an OPEC source told Reuters.

Saudi Arabia has previously indicated it was prepared to reduce its production only by 0.5 million bpd from current levels of 10.5 million bpd.