Comments by Iran's oil minister Zanganeh, via the SHANA
- Did not contain production increases as some members interpreted
The OPEC agreement last week made no mention of a firm production increase but only that of a 100% compliance instead. There's still debate on how much oil that actually gets pushed back into the market, but the interpretation is that it will definitely be less than 1 million bpd - the benchmark expectation coming into last week's discussion.
