OPEC+ may need ‘other measures’ to support oil, Iran’s Oil Minister Bijan Namdar Zangeneh said on Wednesday.
Further comments
Oil production cut should be taken seriously.
US shale, Canada should cut oil output.
Producers of more expensive oil must cooperate to survive.
Separately, the Premium Times reported that Nigeria will reduce oil output due to a lack of storage facilities.
Oil prices remain under pressure
Despite several recovery attempts, WTI is back in the red near $11.50, having hit a daily low of $10.29 in mid-Asia. Meanwhile, Brent oil sheds 11% to trade above the 17 levels.
Share
