Tags: ML | Iran | Oil Prices

Iran Optimistic Oil Prices Can Rise

Saturday, 19 November 2016 08:20 AM

TEHRAN, Iran (AP) — Iran's oil minister is saying $55 per barrel is achievable for crude if both OPEC and non-OPEC producers cooperate.

Bijan Zanganeh said Saturday on state TV, "If non-OPEC (producers) cooperate, I think we can reach around $55," per barrel.

Benchmark Brent crude rose to $46.86 per barrel on Friday.

"Signals I am receiving are increasing the possibility of reaching an agreement," said Zanganeh.

Speaking after meeting with visiting OPEC Secretary-General Mohammad Sanusi Barkindo, Zanganeh reiterated that his country will push for more production.

Iran has been trying to increase its production after the lifting of international sanctions over its nuclear program in January, and said it would only consider a ceiling once it starts producing its pre-sanctions volume of 4 million barrels per day. It currently produces 3.85 million.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
MiddleEast
Iran's oil minister is saying $55 per barrel is achievable for crude if both OPEC and non-OPEC producers cooperate.Bijan Zanganeh said Saturday on state TV, "If non-OPEC (producers) cooperate, I think we can reach around $55," per barrel.Benchmark Brent crude rose to $46.86...
ML,Iran,Oil Prices
132
2016-20-19
Saturday, 19 November 2016 08:20 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved