Iranian Oil Minister: Output to Return After Sanctions Lift, $80 Crude Would Be 'Fair'

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  • OPEC can act alone to determine crude production levels
  • Iran must boost crude oil output to regain market share

Why Oil Tumbled the Most in Seven Months

Most OPEC members would like to see crude prices at $70 to $80 a barrel and the producer group doesn’t need to coordinate with other oil suppliers to determine output levels, Oil Minister Bijan Namdar Zanganeh said in an interview.

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