NEW DELHI: Iranian Oil Minister Bijan Zangeneh said on Wednesday that $60 a barrel is a good price for oil currently as the market should avoid volatility.
鈥淚 believe in this situation around 60 (dollars per barrel) is a good price,鈥� said Zangeneh, who was attending the International Energy Forum.
鈥淚 think we should look at the market not for short-term, long-term, mid-term is important for us,鈥� he said. 鈥淚t is very important for producers and consumers not to have volatility in the market.鈥�
When asked if global benchmark Brent oil trading at $70 a barrel was too high, Zangeneh answered, 鈥淵es.鈥�
Zangeneh added that he hopes India and Iran can finalize the main issue on the development of the Farzad B natural gas field in the next two months.
Iran鈥檚 oil minister says $60 is a good price for crude oil
-
{{#bullets}}
- {{value}} {{/bullets}}