Baku, Azerbaijan, Nov. 30
By Khalid Kazimov – Trend:
Iranian Oil Minister Bijan Namdar Zanganeh sees $60 per barrel as a suitable price for Brent oil.
Zanganeh said on Thursday that $60 per barrel would be a suitable price for Brent oil.
“The OPEC decision was a successful decision and you can see its impacts on the market,” Zanganeh told reporters commenting on the organization’s previous decision on the output cuts.
He made the remarks on the sidelines of 173rd (Ordinary) OPEC Meeting and the third OPEC and non-OPEC Ministerial Meeting in Vienna.
He added that the oil market is coming into balance.