MARKET ISN'T FAVORITABLE
Shana wrote, Iranian Minister of Petroleum Bijan Zangeneh says the upcoming informal meeting of the member states of the Organization of Petroleum Exporting Countries (OPEC) in Algeria on Wednesday is not expected to be anything more than a "consultative gathering" of crude oil suppliers.
Speaking to Shana while departing Tehran for Algiers to attend the International Energy Forum (IEF) to be held Tuesday and Wednesday in Algiers, Zangeneh said the current market conditions are not favorable for crude oil producers and consumers in the mid- and long terms.
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