Iran Wants OPEC to Adjust Output for Increased Libya, Iraq Oil, Mehr Says

Iran will suggest at the planned Dec. 14 meeting of the Organization of Petroleum Exporting Countries that members of the group that boosted output this year in the absence of Libyan exports should scale back production, Qasemi said, according to Mehr. Iran, OPEC’s second-largest producer after Saudi Arabia opposes increasing output and is seeking “fair” crude prices, the minister said ...