In an article, Bloomberg has discussed the recent developments in the oil market, particularly the rivalry between Iran and Saudi Arabia.
Iran says it would support any move to stabilize global oil market, but the prices should be set reasonably.
Mohammed Barkindo, the new secretary-general of Organization of the Petroleum Exporting Countries (OPEC) will pay an official visit to Tehran to personally appreciate Iran’s support.
Iran has not negatively impacted the oil market by doubling its crude oil exports, says Iranian Minister of Petroleum Bijan Zangeneh.
Iranian President Hassan Rouhani says collective efforts by OPEC member states can help stabilize global crude prices at a desirable level in 2015.
Chairman of the Expediency Council Akbar Hashemi Rafsanjani has urged OPEC members to stand united and prevent further drop in oil prices.
Consensus among all members will determine whether or not an extraordinary meeting of OPEC should be held in case global oil prices continue to drop, said the Iranian oil chief.
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