Iran sees no need for emergency OPEC meeting -ISNA

Reuters: Current OPEC president Iran does not envisage holding an emergency meeting of the oil producers’ group ahead of a scheduled one in Decmber, Iran’s OPEC Governor Mohammad Ali Khatibi was quoted as saying by the student news agency ISNA on Sunday.

TEHRAN Oct 30 (Reuters) – Current OPEC president Iran does not envisage holding an emergency meeting of the oil producers’ group ahead of a scheduled one in Decmber, Iran’s OPEC Governor Mohammad Ali Khatibi was quoted as saying by the student news agency ISNA on Sunday.

“I find it improbable to have an OPEC emergency meeting because there is no emergency matter and the market is balanced,” he was quoted as saying. (Reporting by Ramin Mostafavi; Writing by Robin Pomeroy; Editing by Ron Popeski)