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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