Iran General NewsIran sees no need for emergency OPEC oil meeting

Iran sees no need for emergency OPEC oil meeting

-

Bloomberg: Iran sees no need for OPEC to hold an emergency meeting if the current trend of rising crude prices continues, Shana reported, citing the nation’s oil minister. Bloomberg

By Yeganeh Salehi

Iran sees no need for OPEC to hold an emergency meeting if the current trend of rising crude prices continues, Shana reported, citing the nation’s oil minister.

The Organization of Petroleum Exporting Countries agreed at their meeting last month that “if oil prices fall below $100 a barrel it means that prices are in crisis,” Rostam Qasemi said. “OPEC members agreed to comply with the current production ceiling of 30 million barrels a day.”

The group also agreed that they would hold an emergency meeting if prices fell “irrationally,” he said, according to the report.

Latest news

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Ten Percent of Iran’s Nation Is Ready To Sacrifice Itself for Freedom

According to estimates by the Iranian regime’s main opposition group, the People’s Mojahedin Organization of Iran (PMOI/MEK), more than...

Must read

Britain draws UN into Iran nuclear row

The Sunday Times: A Stand-off over Tehran’s nuclear ambitions...

Full text of Bush’s statement on Lebanon violence

Iran Focus: London, Jan. 30 - The following is...

You might also likeRELATED
Recommended to you