Search ForexCrunch

Iran’s Oil Minister Zanganeh was on the wires last minutes, speaking about the output policy ahead of the OPEC+ meeting in Algiers this weekend

Key Points:

Will veto OPEC decisions that harm its interests.

Some oil producers violated OPEC+ output cuts deal.

OPEC+ can’t decide oil output quotas in Algiers meeting.

Oil at $80 per barrel is a suitable price.