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INTERVIEW-Iran sees different OPEC views on oil price

Published: 25 Oct 2009 17:46:17 PST

TEHRAN, Oct 25 - OPEC members have different views about the suitable oil price level, Iran's representative in the producer organisation told Reuters on Sunday.

"There are different opinions by different (OPEC) members about the oil prices...Some believe the price of $70-80 (per barrel) is high and some believe it is low," Mohammad Ali Khatibi said in a telephone interview.

He also said a weak U.S. dollar had "caused everyone to think more about trying to find a solution for that", without elaborating on what the Organization of the Petroleum Exporting Countries could do to address the situation.

Regarding future demand, he said there was speculation in the market of an increase of between 0.7 million to 1.4 million barrels per day (bpd) in 2010. If that were to materialise, "this would create a positive environment," Khatibi said.


Source: Reuters

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