Iran predicts OPEC to cut output at November meeting

TEHRAN (AFP) - Iran on Sunday predicted that at its November meeting in Vienna, the state-run television news website reported. "OPEC will probably seek a cut in its production at the November meeting in order to balance supply and demand," Iran's OPEC representative Mohammad Ali Khatibi was quoted as saying. "No one is expecting an increase in production at the upcoming meeting. It is clear everyone thinks of a decrease in production and that the market needs to be managed," said Khatibi, whose country is the cartel's second-largest producer. On Thursday, OPEC announced it would hold an emergency meeting in Vienna on November 18, as... [read full story]