2015

Iran's budget should be based on oil at $72 per barrel

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Zanganeh said that Iran's budget should be based on oil at $72 per barrel, but Iran could withstand lower oil prices. "Even if the oil price goes down to $25 a barrel, the oil industry will not be threatened," the Fars news agency quoted him as saying.

http://www.investing.com/news/commodities-news/iran-oil-minister-says-no-plans-to-call-emergency-opec-meeting-324087

At $40 levels, only less than 2 percent of global crude production was expected to be at risk

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Oil analysis firm Wood Mackenzie said in a report on Friday that even at $40 levels, only less than 2 percent of global crude production was expected to be at risk.

http://www.investing.com/news/commodities-news/oil-heads-for-seventh-weekly-loss-as-supply-glut-drags-322707

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