Iranian oil minister wants OPEC to cut output by 5% ahead of June meeting
April 14, 2015 at 12:49 PM EDT
Iranian Oil Minister Bijan Namdar Zangeneh on Tuesday called on the Organization of the Petroleum Exporting Countries to reduce production by at least 5% to boost prices that have collapsed since last summer, signaling the possibility of another tense meeting when the organization gathers in June.