The top oil officials of Iraq and
Venezuela said on Wednesday that $75 to $80 a barrel was now a "fair"
price for oil, reflecting an emerging consensus on a possible equilibrium for
volatile markets. Asked for his view while speaking at an OPEC seminar in
Vienna, Iraqi oil minister Adel Abdel Mahdi said he believed $75 to $80 was
fair. "We share the same opinion of the minister of Iraq regarding this
issue," Venezuela's oil minister Asdrubal Chavez said. Iran's oil minister
declined to comment. More… 
Thursday, June 4, 2015
Iraq, Venezuela see $75-80 per barrel as 'fair' price for oil
The top oil officials of Iraq and
Venezuela said on Wednesday that $75 to $80 a barrel was now a "fair"
price for oil, reflecting an emerging consensus on a possible equilibrium for
volatile markets. Asked for his view while speaking at an OPEC seminar in
Vienna, Iraqi oil minister Adel Abdel Mahdi said he believed $75 to $80 was
fair. "We share the same opinion of the minister of Iraq regarding this
issue," Venezuela's oil minister Asdrubal Chavez said. Iran's oil minister
declined to comment. More… 
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