Iranian Oil Minister Says Global Petroleum Markets Are Oversupplied !

PORT-OF-SPAIN, Trinidad (AP) — Global petroleum markets aren’t short of crude oil and may even be oversupplied, Iran’s oil minister said Tuesday.

“I think the market is oversupplied,” Bijan Namdar Zangeneh told reporters during a natural gas conference in Port-of-Spain, Trinidad. “We have not difficulties on the supply side.”