DUBAI: Iran's oil minister said on Saturday it was hard to return to old crude prices but oil producers should do what they can to support the market, the Iranian Oil Ministry's news agency Shana reported.
"It is difficult to go back to the old (oil) prices but we should try to fix the prices as much as the current market situation allows," Bijan Zanganeh was quoted as saying after meeting Venezuelan Foreign Minister Rafael Ramirez, who is in Tehran.
Shana cited Ramirez, Venezuela's main representative at OPEC, as saying he believes oil prices are at a very low level and "instability in the market is in no one's interest".
"A hundred dollars per barrel is the desirable price for Venezuela," Ramirez told Shana.
Ramirez visited Algeria and Qatar as part of a diplomatic tour that includes Iran and Russia to discuss oil markets.
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