Iranian Oil Minister Kazem Vaziri-Hamaneh said on Saturday he did not expect another OPEC output cut if crude prices continued to rise, although he said that picture might change if prices dipped.
Several OPEC ministers have said there will be no need for more output cuts to add to pledged reductions of 1.7 million barrels per day. The latest cut was implemented in February. OPEC ministers are due to meet on March 15 in Vienna.
Read more at Reuters South Africa
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