31.05.2012 - Iran urges OPEC members to avoid unilateral measures
Iranian OPEC Governor Mohammad Ali Khatibi has called on the member states of the intergovernmental organization to demonstrate commitment to the collectively-made decisions of the body. Khatibi said that attempts by certain OPEC members, particularly Saudi Arabia, to increase their oil production capacity could create volatility in the global markets and probably greatly reduce oil prices, given the doubts about the world economic recovery and its impact on the global oil demand in the coming months...............................................Full Article: Source
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