Iran’s Oil Minister: OPEC+ may need ‘other measures’ to support oil

OPEC+ may need ‘other measures’ to support oil, Iran’s Oil Minister Bijan Namdar Zangeneh said on Wednesday.

Further comments

Oil production cut should be taken seriously.

US shale, Canada should cut oil output.

Producers of more expensive oil must cooperate to survive.

Separately, the Premium Times reported that Nigeria will reduce oil output due to lack of storage facilities.