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Iran does not expect OPEC to do anything, Saudi willing to cooperate

FXStreet (Mumbai) - The latest comments from the OPEC meeting in Vienna paint a mixed picture regarding the prospects of future cut in the production.

Iran said that it does not expect the Cartel to do anything (reduce output). Meanwhile, Iranian oil minister says that he's heard from non-OPEC nations that they're ready to cut production.

Saudi Oil Minister said say they are willing to cooperate with anyone to help stabilise the market, while no member made any proposal on adjusting individual quotas.

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