By Fred Pals
Sept. 8 (Bloomberg) -- The crude oil markets is oversupplied and the Organization of Petroleum Exporting Countries will review output, Iranian Oil Minister Gholamhossein Nozari said.
``We will review the market and then we will decide,'' Nozari told reporters upon his arrival in Vienna.
The 13 members of OPEC, which supply more than 40 percent of the world's oil, will review production targets for the fourth quarter at a Sept. 9 meeting in Vienna.
To contact the reporter on this story: Fred Pals in Amsterdam at fpals@bloomberg.net.
Monday, September 8, 2008
Iranian Minister Says Oil Market Is Oversupplied, Review Needed
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