Iran will not reduce oil output, to stay in OPEC: Zanganeh | Reuters:
Iranian Oil Minister Bijan Zanganeh said on Thursday that his country has no plans to reduce its oil production, but will remain a member of OPEC, the official news agency IRNA reported on Thursday.
OPEC and its Russia-led allies agreed on Friday in Vienna to slash oil production by more than the market expected in a bid to shore up prices despite pressure from U.S. President Donald Trump to reduce the price of crude.
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