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Wednesday, July 26, 2017

Iran, after Russia and Saudi Arabia will support the stabilization of the oil market

Iran has declared its readiness to support any possible measures to stabilize the oil market. Earlier on the same said Russia and Saudi Arabia, then the price of black gold started to rise.

photo: pixabay.com

As stated on Tuesday the Minister of oil of Iran Bijan Namdar Zanganeh, Iran is interested in stable oil market, reports Reuters. While in the Islamic Republic believe that a fair oil price should be 50-60 dollars per barrel.

On the eve it became known that at the summit of “big twenty” in China, Hangzhou, head of energy ministries of Russia and Saudi Arabia agreed on cooperation to strengthen the oil market.

Previously it was suggested that the spokes in the wheel in this direction can insert Iran, which several years could not supply oil to the West because of sanctions imposed on him (at the moment the restrictions are removed).

Earlier, Russian President Vladimir Putin in an interview with Bloomberg, hinted that the key oil exporters may agree to freeze production for higher prices for raw materials.

At a press conference in China the head of state said he believes the current price of oil is unfair, noting that Russia, she still suits.


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