Oil minister quoted from the OPEC meeting. Livesquawk reporting

  • Iraqi oil minister says nobody is proposing individual quotas
  • Iranian oil minister says he doesn't expect OPEC to do anything
  • Venezualan oil minister proposes to cut oil output of at least 5%
  • Ecuador oil minister says at least 6 OPEC members support oil output cut

OPEC meeting today and now in progress

Eamonn had the full schedule/timings here

Oil price a tad firmer on the output cut talk with Brent just off session highs at $44.27