OPEC AND OIL PRICES
OPEC Should Cut Output to Restore Prices Says Iran's Ardebili
Iran's Deputy Oil Minister, Mr. Hossein Kazempour Ardebili, has reiteratedthat Iran views the Saudi initiative to return to a fixed oil price of $18/B asonly the first step in restoring prices to the previous level of $28/B, but hasalso said that achieving higher prices will require a reduction in OPEC output.
Speaking on 25 November in an interview with the official news agency IRNA,Mr....
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