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Iran’s official news agency reported that the Iranian oil minister Bijan Zanganeh has stated that the Coronavirus has impacted oil demands and that Iran was calling for a meeting of OPEC to help figure out how to stabilize prices. The minister also stated that they would agree to a meeting if the other OPEC+ members would agree to production cuts. Zanganeh also stated that since “prices have dropped below $60 a barrel, that there must be an effort to stabilize prices”.

Coronavirus has Impacted Oil Demand: Iranian Oil Minister

Iran’s official news agency reported that the Iranian oil minister Bijan Zanganeh has stated that the Coronavirus has impacted oil demands and that Iran was calling for a meeting of OPEC to help figure out how to stabilize prices.

The minister also stated that they would agree to a meeting if the other OPEC+ members would agree to production cuts. Zanganeh also stated that since “prices have dropped below $60 a barrel, that there must be an effort to stabilize prices”.

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