26.09.2014 - Iran: OPEC Should Balance Production to Stabilize Crude Prices
Iran’s Oil Minister said the Organization of the Petroleum Exporting Countries, OPEC, should balance its crude production to stabilize oil prices in the market. “OPEC should definitely balance its production to avoid crude price volatility in the market,” Bijan Namdar Zanganeh said. Asked about the possible impact of the results of the nuclear negotiations between Iran and six world powers on crude prices, the Iranian oil minister said the prices are "reasonable enough" not to be affected by such issues. Zanganeh’s comments come against the backdrop of the recent sharp drop in crude prices...............................................Full Article: Source
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