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Iraqi Oil Minister Mahdi said at the OPEC seminar that the "fair price" is between US dollars. When Venezuelan Oil Minister Astrubal was asked the same question, he said: "I agree with the Iraqi Oil Minister's view." &rIran’s oil minister declined to respond.
Astrubal’s view is particularly surprising because he has always had a tough stance on oil prices. He has previously been eager to urge non-OPEC members such as Russia to discuss comprehensive production cuts with the Gulf OPEC giants to boost oil prices. In the end it was all in vain. Just three weeks ago, Venezuelan Maduro said, "If oil prices can be stabilized at the US dollar in the medium term, it will be beneficial to Venezuela and China." Although a few months ago, he told the domestic people that oil prices will not return to that level again. level.
A person in charge of a major Western oil company also said in Vienna that these signals are more like a vision of hope than a statement: "This is just their way of expressing that they like certain prices." Consumers want lower gas prices. &r
In fact, the Indian Oil Minister said at the seminar that about US dollars per barrel or this price plus or minus or US dollars is an acceptable price.
Standard Chartered Bank's global head of commodity research and a long-term OPEC observer said he was surprised to hear the return to a "reasonable price" target, but he also warned that treating the dollar as a long-term norm is still too low.
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