Iran Attacks OPEC's Geneva Decision
Iran's Oil Ministry has described the $1.00/B cut in the Arabian Light marker price decided upon by nine OPEC countries at the Geneva conference on 28-30 January as "another deadly blow" against OPEC. A statement by the Ministry issued on 4 February said that the decision was not in the interests of the peoples of the oil producing countries; nor in the long run was it in the interests of the consuming countries. The Ministry...
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