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Iran’s OilMin: Crude above $60 would ultimately hurt OPEC

Iranian Students News Agency, via Bloomberg, reported comments from the country’s oil minister Bijan Namdar Zanganeh delivered earlier today.

Zanganeh addressed the media after meeting Russian Energy Minister Alexander Novak

Key Headlines:

Crude above $60 would ultimately hurt OPEC because it would spur competitors to boost production and trigger medium-term price decline

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