Breaking News-RTRS-OPEC may cut oil output by 2- 2.5 million barrels per day-Iran

TEHRAN, Oct 21 (Reuters) - Iran's oil minister said on Tuesday the drop in demand could push OPEC to cut output by 2- 2.5 million barrels per day and said the "era of cheap oil is finished."
Gholamhossein Nozari told reporters a drop in demand "can push OPEC to cut the current production by 2-2.5 million barrels per day." Iran's OPEC governor, Mohammad Ali Khatibi, cited different views in OPEC on the cut needed, ranging from 1-3 million bpd.