Iran Said Willing To Support Joint Oil Output Freeze, Lifting Prices
A report that Iran may support joint action to prop up oil prices caused a jump in crude prices on August 23. Reuters reported that OPEC officials who have talked with Iranian authorities said Tehran would be willing to go along with a joint production freeze at an OPEC summit next month, now that it is near achieving its pre-sanctions level of oil output of 4 million barrels a day. "If this freezing issue helps prices to improve, Iran by positive words of support, will help," an Organization of Petroelum Exporting Countries official told ...
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