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2014-09-28 12:50:00

IRAN & OPEC: STOP PRICES

IRAN & OPEC: STOP PRICES

Iran's oil minister called on Opec nations to work together to prevent a further slide in crude prices, highlighting the split among members of the cartel over how to react to the sharp drop in oil to two-year lows in recent weeks.

"Opec members should make efforts to offset their production to keep the prices from further instability," said Bijan Namdar Zanganeh on Friday, according to the Iranian oil ministry website, Shana.

ICE November Brent traded 20 cents lower at $96.88 in afternoon trading with the international oil benchmark on target for its third weekly loss. Brent has fallen more than 15 per cent…

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Tags: IRAN, OPEC, OIL, PRICES, BRENT,

Chronicle:

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