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FinancialNews


  • 05-02-22

    International oil market demands Iranian crude supply to fulfill demands

    (MENAFN) According to Shana, Iran’s Oil Minister Javad Oji has stated the international oil market demands Iranian crude oil supply to fulfill the ongoing demand and sustain its balance.

    Based on Oji’s statement on Wednesday after the 25th OPEC and Non-OPEC Ministerial Meeting, “if world’s oil consumers are dissatisfied with the current oil prices and supply levels, I suggest a quick lifting of the U.S. sanctions against Iran.”

    The official mentioned, “the global market needs the increase in Iranian oil supply and we are ready to boost our supply to world markets as soon as possible.”

    Based on the oil minister, OPEC+ have approved, in their assembly, to raise their production by 400,000 barrels for one day in March.

    MENAFN05022022000045013568ID1103644901

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