OPEC members meet in Vienna to debate cutting oil output
VIENNA, Nov. 30 (Xinhua) -- The OPEC member states are meeting here on Wednesday to debate cutting its oil output.
Some OPEC states are signaling their optimism over reaching a possible deal to cut oil production.
Saudi Arabian Energy Minister Khalid Al-Falih said before the meeting that he hopes if the cartel agrees to secure a output cut, non-OPEC states should also join them. He added OPEC member states were close to striking a deal.
Iran also expressed optimism over a production cut, saying sides were ready to compromise and reach a deal.
Tehran has long insisted it should be exempted from the production cut, as it planned to increase its output to pre-sanction levels.
Before the meeting, OPEC members agreed in principle to enable a possible production cut. However, there are gaps between the main countries over the quota of the production if an output cut is implemented.[ Editor: 刘家铭 ]