FXS: OPEC may need to consider output cut-Iraq minister
ANTALYA, Turkey, Oct 8 (Reuters) - OPEC may need to consider cutting oil output if the price of crude remain below $90, Iraqi Oil Minister Hussain al-Shahristani told Reuters on Wednesday.
"It has been a source of concern since the price (of oil) has fallen since June and July. We are now looking at the market and if there are any future declines below $90 we will need to consider taking action," he said when asked about possible OPEC moves to trim production.
