Iranian Minister: oil market replete with before and expect to regain her balance


Economy news/agencies.

State television in Iran from the Iranian Oil Minister Beijing znghanh as saying Monday that the crude market replete with before but restore balance between supply and demand.

The Minister said "oil market replete with currently but there are expectations that the balance between supply and demand in the market."

And a survey by Reuters Friday that OPEC oil production will probably in July to the highest level in modern history with Iraq pumping greater volumes while Nigeria was able to increase its exports despite the attacks by militants.

OPEC supplies grew to 33.41 billion barrels in July versus 33.31 million barrels in June, according to revised data. A Reuters survey based on the shipping data and information from sources in the public sector.