OPEC AND OIL PRICES

China Will Reduce Oil Exports in Support of OPEC, Says Iranian Oil Minister 

China has agreed to reduce its oil exports in a gesture of solidarity with OPEC efforts to restabilize the oil market and strengthen prices, according to Iranian Oil Minister Gholamreza Aghazadeh. Mr. Aghazadeh, who was visiting China, told a press conference in Peking on 29 August that Chinese officials had told him that China would reduce its oil exports this year from the 30mn tons...