Apr 10 2013
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Iran says USD100/B oil price satisfying but warns of economic risks
Wednesday, Apr 10, 2013
By Benoit Faucon
LONDON--The current oil price range of $100 to $110 a barrel is satisfying for both producers and consumers, Iran's OPEC governor was quoted as saying Wednesday.
The views suggest the organization is likely to keep its policies unchanged when it meets next month.
The governor's remarks--made to Iran's oil ministry website Shana by Muhammad Ali Khabiti, who represents Iran at the Organization of the Petroleum Exporting Countries--echoes similar views made by Saudi oil minister Ali al-Naimi in late March.
"Economic performance of industrial countries is weak which in turn can affect oil demand and the oil market situation," he was quoted as saying.
(END) Dow Jones Newswires
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