Iran’s Oil Minister Bijan Zanganeh said on Wednesday that the oil market was facing a surplus and needed to be balanced, SHANA, the news site of the Iranian oil ministry, reported. “It’s necessary for OPEC and non-OPEC to make all their efforts to balance the market.” Ministers from the Organization of the Petroleum Exporting Countries are due to meet this week in Vienna to discuss new oil output cuts to support oil prices. …read more
Source:: Yahoo Finance
