Oil market is 'over-supplied', says Iran
Iran: Tuesday, July 01 - 2008 at 14:05
The world's oil market is over-supplied with crude and there is nothing OPEC can do to reduce prices, according to Iran's Oil Minister Gholamhossein Nozari. The price surge is not due to a shortage of supply, he said, adding that the fluctuation of prices harms producers and consumers.
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Jeff Florian, Senior ReporterTuesday, July 01 - 2008 at 14:05 UAE local time (GMT+4)
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Index : Energy, Oil and Gas
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