Iran, Ecuador in talks to support oil prices


(MENAFN) Iran and Ecuador discussed ways in order to strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude.

Accordingly, Iran is sending positive signals on taking joint action, which would help revive a deal on freezing output levels.

Both sides confirmed to continue talks among the framework of Opec, without offering more details.

Moreover, Ecuador has supported calls by ideological ally and oil price hawk Venezuela to enhance crude prices.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.