| From Tehrantimes.com: The oil market is changing rapidly, Iran's OPEC governor Mohammad-Ali Khatibi stated. The Organization of Petroleum Exporting Countries is unable to act for now in the absence of clarity about Libya's evolving situation.
Mohammad-Ali Khatibi, Iran's OPEC governor, told Shana news agency on Sunday that "unrest in the Middle East and North Africa and the global increase in crude prices have created instability for OPEC countries and at the same, the organization cannot do anything about it.".............................................Full Article: Source
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