OPEC bloc eyes initial cut,more latgr

摘要

Algiers-OPEC is"very likely"to trim crude output at its October 24 emergency meeting in Vienna and will probably make further cuts in the future,the oil producer group's Algerian president,Chakib Khelil,said at the weekend.Iran also kept up the pressure for a cut,with oil minister Gholamhossein Nozari saying at the weekend he believed OPEC had no choice but to cut production to restore balance to over-supplied markets and prevent a further fall in prices.