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By Nidhi Verma
"I believe in this situation around 60 (dollars per barrel) is a good price," said Zangeneh, who was attending the International Energy Forum.
"I think we should look at the market not for short-term, long-term, mid-term is important for us," he said. "It is very important for producers and consumers not to have volatility in the market."
When asked if global benchmark Brent oil trading at $70 a barrel were too high, Zangeneh answered, "Yes."
(Editing by Christian Schmollinger)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)