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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Iranian state TV: OPEC cut of 1.5M barrels likely AP - Tuesday, December 2 TEHRAN, Iran - Iranian state TV is reporting that OPEC's Secretary-General says a daily oil production cut of between 1 million and 1.5 million barrels is likely in December. Secretary-General Abdullah El-Badri was quoted Monday on the station's Web site saying that the Organization of Petroleum Exporting Countries is facing a very difficult situation and plans to "restore oil prices to $90 per barrel." OPEC's next official meeting is in Algeria on Dec. 17. El-Badri is in Tehran for an energy conference. The bloc is grappling with how to reverse plunging prices, but ended a meeting in Cairo on Saturday without announcing a cut. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Oil Price Hike Oil falls below $51 as OPEC doesn't cut outputAP - Tuesday, December 2 Iranian state TV: OPEC cut of 1.5M barrels likelyAP - Tuesday, December 2 OPEC chief says cartel may decide 'major' output cutAFP - Tuesday, December 2 Chavez seeks reelection, eyes presidency through 2021AFP - Monday, December 1 Related Articles: Business Australia slashes interest rate to avert recessionAP - 20 minutes ago India Hot Stocks: M&M, Tata Motors down on Nov sales dropReuters - 30 minutes ago India's Tata Motors to close Pune plant for 3 daysReuters - 33 minutes ago Indian shares open 3.44 pct down on global fallsReuters - 34 minutes ago NZ dollar lower on stocks plunge; bonds firmReuters - 37 minutes ago Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – Business Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Saudi king says 75 dollar oil price 'fair' Love handles increase death risk: study World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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