Iran’s Oil Minister Bijan Namdar Zanganeh has blamed ‘refining problems in America and tensions in the Middle East’ for gasoline prices rising to record levels recently. “OPEC can do nothing at present; if it produces two million barrels above its ceiling, this will accelerate future pressure on the oil prices,” he said on the fringes…
MARKETS: Iran says OPEC can do nothing about high oil prices
Posted on April 30, 2004 by EnergyAsia