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Iran says OPEC will help cover supply shortage

Posted on 26 May 2011

Iran’s OPEC governor acknowledged on Wednesday that there was a shortage of supply in the global oil market, saying OPEC was acting to balance the market and would continue to do so.
“OPEC is trying to compensate part of the shortage of supply of crude and create a balance in the market and in the future OPEC will continue to do its onerous duty which is to create balance in the market,” Mohammad Ali Khatibi was quoted as saying by the semi-official Mehr news agency……………………………………….Full Article: Source

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