December 3, 2019 / 10:00 PM / 8 days ago

Iraq oil minister says OPEC prefers deeper cut

LONDON, Dec 3 (Reuters) - Iraqi Oil Minister Thamer Ghadhban said on Tuesday OPEC members were leaning towards approving deeper oil output cuts at a meeting this week and no member was talking about increasing production.

He said the minimum scenario of the OPEC meeting with allies such as Russia would be a rollover of existing cuts of 1.2 million barrels per day. (Reporting by OPEC team; editing by Jason Neely)

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