Iranian minister says oil market remains oversupplied despite OPEC reduction

摘要

Cape Town, South Africa-Iran's oil minister Gholamhossein Nozari said January 21 the oil market was still oversupplied despite a December decision by OPEC to reduce output by 2.2 million b/d, and called on support from non-OPEC producers like Russia, Norway and Mexico."We [OPEC] have limited supply, but the demand has reduced even more and non-OPEC [oil producers] should cooperate too," Nozari said, Iran's state television reported on its web site.