Reuters Business News: OPEC looks to cut output wants price over $60: Iran - MSN Money
Reuters Business News: OPEC looks to cut output wants price over $60: Iran - MSN Money
Considering the considerable supply surplus over demand we are trying to cut production ” Kazem Vaziri-Hamaneh was quoted as saying by the Oil Ministry’s news Web site. “Iran like most OPEC members does not consider an oil price of less than $60 a barrel as appropriate ” he said before leaving for an OPEC meeting in the Nigerian capital Abuja.