OPEC unlikely to cut output: Iran national oil co

The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to cut output at its meeting on December 22, Seifollah Jashnsaz, managing director of the National Iranian Oil Co. told reporters on Monday.                                           

"We don't think there would be such a reaction," he said in New Delhi, when asked if OPEC was likely to cut output to support prices. He also said crude oil prices should be "a little bit more" than the current level.