Iranian official considers $100 per barrel as lowest suitable price for oil (People’s Daily)
August 31st, 2008 by
Iranian Oil Minister Gholam-Hossein Nozari said Sunday that 100 U.S. dollars per barrel is the lowest suitable price for oil, the English-language Press TV satellite channel reported. “This (crude at 100 USD a barrel) is the minimum price for oil,” Nozari was quoted as saying, adding “in view of the cold season and rising oil demand, we are moving toward higher and more acceptable prices.” Oil …
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