22.04.2013 - Governor: OPEC striving to balance oil market
Mohammad Ali Khatibi, who is also the National Iranian Oil Company's Director for International Affairs told the oil ministry's website that in a report earlier this year, OPEC's Secretariat has predicted oil supply would surpass demand. Khatibi added that following growth in oil production in Non-OPEC countries and rising oil withdrawal from non-conventional reserves including shale oil, it is predicted world oil supply to go beyond demand. ..............................................Full Article: Source
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