Low crude prices will not last for long time: Iran

 

Low crude prices will not last for long time: Iran

Paris - Rouhani arrived in France on Wednesday on the second leg of his state visit to Europe after three days in Italy

By Reuters

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Published: Thu 28 Jan 2016, 2:23 PM

Last updated: Thu 28 Jan 2016, 4:28 PM

Iranian President Hassan Rouhani predicted on Thursday that low crude oil prices would not last long as producers restore market balance.
"The price of oil is at a low level ... I don't think it will last in the long-term ... The pressure on oil-producing nations means a balance will be restored in the short term," Rouhani said at the French Institute of International Relations (IFRI).
Rouhani arrived in France on Wednesday on the second leg of his state visit to Europe after three days in Italy


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