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Iranian Oil Minister Bijan Zanganeh says his country supports extension of output cuts by OPEC and non-OPEC countries. 

OPEC meets on 25th of next month to consider extending the cuts beyond June.

The oil market has been oversupplied since mid-2014, prompting members of the OPEC and some non-OPEC producers to agree to cut output in the first six months of 2017.                      

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