Iran says oil prices to reach $60 if OPEC members cooperate
Friday, 24 April 2009
TEHRAN, Apr 23 (Xinhua): Iranian Oil Minister Gholam Hossein Nozari said oil prices will reach 60 US dollars a barrel if OPEC members cooperate, local Press TV reported yesterday.
"Cooperation and coordination between OPEC members can raise oil prices to 60 dollars a barrel in the third quarter of 2009," Nozari said in an interview.
He called on the OPEC member states to fully stick to their share of crude production, warning that "If the members do not comply fully with their output reduction levels, the (recent) output cut by OPEC will not help the market situation."
"Cooperation and coordination between OPEC members can raise oil prices to 60 dollars a barrel in the third quarter of 2009," Nozari said in an interview.
He called on the OPEC member states to fully stick to their share of crude production, warning that "If the members do not comply fully with their output reduction levels, the (recent) output cut by OPEC will not help the market situation."