Saturday, May 08, 2004

Iran backs Pro-US OPEC Oil Move

: "if OPEC decides to increase its production, Iran will not oppose the move.' Ardebili said Iran did not believe there was any shortfall in the supply of oil to world markets even though it expected prices to remain high for several months.
'The market is not facing a supply problem now -- the increase in the reserves of oil-consuming countries indicates that.'"

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