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Iran says still no balance in oil market - report | Business News
TEHRAN (Reuters) - Iran's OPEC governor said the oil market was still not in balance and the producer organisation's work was "incomplete", the Oil Ministry website SHANA reported on Sunday. The comments by Mohammad Ali Khatibi made clear again that Iran, the world's fifth-largest crude ...
OPEC Is Seeking $70 Oil, Venezuela Minister Says (Update2)
bloomberg.com — May 24 (Bloomberg) -- Venezuelan Finance Minister Ali Rodriguez said that OPEC is seeking an oil price... of $70 a barrel in order to maintain new investments in the industry. Rodriguez, speaking to reporters in Quito, Ecuador, said that sustained low ... (more) OPEC Is Seeking $70 Oil, Venezuela Minister Says (Update2)
Oil price misleading, output cut essential, says Tehran » Kuwait Times Website
kuwaittimes.net — Published Date: May 25, 2009 DUBAI: Higher oil prices were lulling some members of OPEC into a... false sense of security while oil market fundamentals show the need to cut output, Iran's OPEC governor said yesterday. If ministers decided to keep ... (more) Oil price misleading, output cut essential, says Tehran ...
Libya Says 50% Chance OPEC Will Cut Output at Vienna Meeting
bloomberg.com — May 24 (Bloomberg) -- There is a “50 percent chance” OPEC will cut production quotas this week... as the group seeks to reduce excess supply, a move that could help crude prices rise to more than $70 a barrel, Libya’s top oil official said. “There is a ... (more) Libya Says 50% Chance OPEC Will Cut Output at Vienna Meeting
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DrumBeat: May 25, 2009
The Oil Drum - Discussions about Energy and Our Future — ... would be political rather than based on supply and demand balance, Mohammad Ali Khatibi told Reuters in a telephone interview. Libya Says 50% Chance OPEC Will Cut Output at Vienna Meeting (Bloomberg) -- There is a “50 percent chance” OPEC will cut production quotas this week as the group seeks to reduce excess supply, a move that could help crude prices rise to more than $70 a barrel, Libya’s top oil official said. Iran says still no balance in oil market - report TEHRAN (Reuters) - Iran's OPEC ...

DrumBeat: May 25, 2009
The Oil Drum - Discussions about Energy and Our Future — ... be political rather than based on supply and demand balance, Mohammad Ali Khatibi told Reuters in a telephone interview. Libya Says 50% Chance OPEC Will Cut Output at Vienna Meeting (Bloomberg) -- There is a “50 percent chance” OPEC will cut production quotas this week as the group seeks to reduce excess supply, a move that could help crude prices rise to more than $70 a barrel, Libya’s top oil official said. Iran says still no balance in oil market - report TEHRAN (Reuters) - ...

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