Iran’s oil Minister Zanganeh: OPEC Deal to the reduction of Production will continue, duration unclear

FXStreet – Before the long-awaited OPEC meeting on Thursday, the Oil Minister of Iran said that the OPEC will extend agreement on Oil production cuts, but the duration is unclear how the Iranian news Agency ISNA reported.

Important Quotes:

• The Production ceiling is to be continued, but it is not clear whether for 3, 6 or 9 months
• Iran has no Problem if the OPEC extended the agreement
• Saudi Arabia is trying to push the price of Oil
• The Oil production of Iran will not diminish in the OPEC

** FXStreet News Editorial, FXStreet**

Leave a Reply