Iran's Nozari says oil markets 400,000 b/d oversupplied

摘要

Tehran-World oil markets are already oversupplied to the tune of 400,000 b/d and this volume could triple to 1.2 million b/d early next year,Iranian Oil Minister Gholamhossein Nozari said October 4,adding that an oil price below 100/barrel served neither producing nor consuming countries.