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2018-06-20 13:05:00

IRAN - OPEC DECISION

IRAN - OPEC DECISION

PLATTS - Iran will not accept any proposals for OPEC to raise its quotas, the country's oil minister said Tuesday, adding that even a 500,000 b/d increase "is not necessary."

"Decisions in OPEC need unanimity," Bijan Zanganeh said on arrival in Vienna ahead of OPEC talks this week. "I don't think at this meeting we can reach an agreement."

He said the oil market was in balance for this year, and that current oil prices were acceptable.

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Tags: IRAN, OPEC, RUSSIA, OIL, PRODUCTION, PRICE

Chronicle:

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