OPEC likely to keep oil output unchanged: Iran

TEHRAN, Oct 9 (AFP): OPEC is likely to keep its oil production quotas unchanged at its next meeting in December, Iran's representative to the cartel said, according to the oil ministry website. "Oil producers and oil consumers are satisfied with (the) current level of prices," Mohammad Ali Khatibi was quoted as saying Friday. "It is predicted most of the OPEC members to be in agreement with maintaining (the) current level of oil production at the next meeting of the organisation in December," he said. Iran, the second-biggest producer in the 12-member Organisation of Petroleum Exporting Countries after Saudi Arabia, has been resisting any increase in quotas. OPEC is concerned global demand may fall as the economic slowdown in the United States and Europe spreads.