Iranian oil minister Bijan Zanganeh said on Tuesday that OPEC's last week agreement did not contain a production increase as some members interpreted

Market news

26 June 2018

Iranian oil minister Bijan Zanganeh said on Tuesday that OPEC's last week agreement did not contain a production increase as some members interpreted

"Iran's suggestion was to first balance oil in the market, secure members 100 percent compliance to the agreement, and then decide on a production increase in next meeting if needed," Zanganeh was quoted as saying by oil ministry news agency SHANA.

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