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Iran's oil minister is expected to stabilize the price of a barrel of oil at 55 dollars this year
6 mins ago 30 January, 2017
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Predicted Iranian Oil Minister Zanganeh Begin, stabilize the price of a barrel of oil at somewhat between $ 55 this year, considering that the price "disease" for producers.
Said Zanganeh, told "dowry , " the Iranian news agency on Monday, said that no one "can not speculate to what extent will the price of oil, but the expectation is constantly rising prices is illogical, but there is a possibility to prove that the price of a barrel of oil in 2017 when the price of $ 55. "
Asked whether he agreed that $ 70 a barrel represents a satisfactory value for oil producers, Iran's oil minister said that "pathological value is relative and if the price of a barrel of oil reached $ 70, there will be an imbalance between supply and demand will return prices to drop."
He continued, "In the already existing conditions, the price of a barrel of oil between 55 and 60 dollars the price is satisfactory for producers."
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Said Zanganeh, told "dowry , " the Iranian news agency on Monday, said that no one "can not speculate to what extent will the price of oil, but the expectation is constantly rising prices is illogical, but there is a possibility to prove that the price of a barrel of oil in 2017 when the price of $ 55. "
Asked whether he agreed that $ 70 a barrel represents a satisfactory value for oil producers, Iran's oil minister said that "pathological value is relative and if the price of a barrel of oil reached $ 70, there will be an imbalance between supply and demand will return prices to drop."
He continued, "In the already existing conditions, the price of a barrel of oil between 55 and 60 dollars the price is satisfactory for producers."
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