Oct 2, 2001, 12:01 AM
News Code: 9030821
0 Persons
market oil watching carefully OPEC says Zanganeh Zanganeh Namdar Bijan Minister Oil Iran's -- IRNA 2, Oct Tehran, latest watching carefully was OPEC that Tuesday here said since skittish been has which market oil the in developments .S.U the in attacks 11 September Countries Exporting Petroleum the of Organization the said He through market oil the to stability return to ways discussing was .members non-OPEC of help the stability maintain to is OPEC the in debates ongoing the of One" told he "members, non-OPEC the of help the with market oil the in .session parliament a attending after reporters to formed been has countries non-OPEC with group contact A" their about informed get and producers independent with negotiate .added Zanganeh "cooperation, possible a for conditions this in measures OPEC's and declines price oil the on Asked best the as OPEC the strengthening consider We" said, he effect, and developments market oil the watching carefully is OPEC .strategy ".phase this through well pass to hope we leave to week last Vienna in meeting a at agreed ministers OPEC coming the in output cut would they signalled but unchanged, output .weak remained prices oil if weeks amid week last lows two-year to slumped price basket The slows economy global the as oil for demand slumping of forecasts United the in attacks terror month's last of wake the in further .States the about week next resume will contacts said delegates OPEC not will group the that before but production lowering of possibility .regard this in decision hasty take a within prices keeping at aimed system mechanism price a Under a barrels 500,000 by production cut could OPEC range, dollar 22-28 10 for barrel a dollars 22 below remains price basket the if day .row a in days trading United the in demand fuel as Tuesday on again slumped prices Oil of signs continuing show to expected was consumer, biggest the States, .steady remain supplies crude global while slowdown a BH/RR End