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Commodities Briefing - Categorized | Market Moves, Oil more

Iran will call on OPEC to reduce production in case of price fall: Minister

Posted on 15 January 2014

Minister of Oil Bijan Namdar Zanganeh has said he did not expect any major change in oil price stressing if the oil price witnesses a dramatic fall then Iran will propose the OPEC to reduce production.
Referring to Iran as one of the co-founders of the Organization of Petroleum Exporting Countries, Zanganeh said the country can propose reduction of oil production as a way to deal with any possible instability in oil market………………………………………..Full Article: Source


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