Reuters: Iran's oil minister said on Saturday the main problem facing the oil market was related to demand and called for stability, speaking a day after crude prices dropped more than 10 percent.
TEHRAN (Reuters) – Iran's oil minister said on Saturday the main problem facing the oil market was related to demand and called for stability, speaking a day after crude prices dropped more than 10 percent.
"Studies indicate that the current critical problem has to do with demand in the market," Oil Minister Gholamhossein Nozari told reporters in Tehran.
"We should be after market stability, meaning that the stability of the market is important both for the producer and the consumer," Nozari said.
