Oil falls after Saudi comments trimmed expectations install production .. and Iran set conditions fo

Oil prices fell, on Friday, having trimmed theSaudi Energy Minister Khalid al - Falih expectations of strong intervention of theproducers in the market during their discussions next month, while analysts pointed to continued oversupply that negatively affect the market. 
By 0632 GMT , was trading the global Brent crude Brent crude price of $ 49.40 a barrel , down 27 cents from the closing Alsabak.otraja WTI US mediator 15 cents to $ 47.18 a barrel. 
he said al - Faleh told Reuters late on Thursday , "we do not believe that a substantial interference in thenecessary market except that we allow the forces of supply and demand that the to work for us , "he said ,adding that" the market is moving in the right direction "already. 
It is scheduled to meet with members of the Organization of Petroleum exporting countries (OPEC) on thesidelines of the international energy Forum in which producers and consumers meet in Algeria during theperiod from 26 to 28 September / Oilol.ouklst comments Saudi energy minister expectations significant intervention in the market suffering from oversupply for more than Aamin.oukalt Iran that it would cooperate with others to restore stability to the oil market, but added that it expects others to respect their rights. 
but many analysts interpreted this that Tehran says so it will continue behind the restoration of market share to increase production to seek after the lifting of sanctions against it last January , including the full allowed her to return to the crude market. In turn , the Secretary General of the Organization of Petroleum Exporting Countries said (OPEC) Mohammad Barkindo in remarks published in Al - Hayat that he sees " a growing consensus" within the organization and outside on the need to move to manage crude production to support prices. 
Said Barkindo the newspaper that there is " a growing consensus in OPEC and outside that the producers inwhich to take a more proactive positions in relation to the management of production in order to be on theintegration with the traditional powers of the market. " The Secretary - General in his remarks published in Arabic , "We saw where the organization has led the adoption in 2014 of non - interference in the price approach." It is scheduled to meet OPEC members on the sidelines of the International Energy Forum , which includes producers and consumers in Algeria during the period from 26 to 28 September / September next.Said Barkindo Asked about the possibility of reaching an agreement on the installation of production levels "Nothing is impossible in the current situation and I know that no country in the OPEC immune from the low price." As Iranian Oil Minister Bijan Zanganeh said that Tehran would help other oil producers to achieve stability in the global market as long as the other members of the Organization of Petroleum exporting countries (OPEC) recognize its right to regain market share it has lost. 
comes the Iranian minister 's remarks before the OPEC meeting scheduled next month. 
and the relocation of the Ministry of oil Information Iranian website (Shana) for Zanganeh as saying "Iran will cooperate with OPEC to help the recovery of the oil market , but expects others to respect the rights to regain market share lost." 
said Zanganeh response to a question regarding the installation of oil production plan that Iran supports any Ramia 's efforts to achieve stability in the market. Tehran stresses that it will not be ready to support any joint action only after it reaches the level of production before the sanctions amounting to 4 million barrels a day.OPEC data indicate that Iran pumped 3.6 million barrels per day in July. 
Zanganeh said that there is a role for his country in the instability of the oil market since the crisis erupted when it was Tehran 's exports less than one million barrels per day.