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Commodities Briefing - Categorized | Market Pulse, Oil more

Iran oil minister opposes emergency OPEC talks

Posted on 22 April 2013

Iran sees no need for an emergency meeting of OPEC over a recent drop in crude prices before the producers’ annual session at the end of May, Oil Minister Rostam Qasemi sai.
“No extraordinary meeting is needed as the May 31 meeting is coming up, and the price of oil had not gone below $ 100 per barrel for a long time,” Qasemi said on the sidelines of an oil and gas trade fair in Tehran. In the last meeting of OPEC, held on December 12, oil producers decided to hold an emergency session if oil prices fall below 100 dollars per barrel, Qasemi said………………………………………..Full Article: Source


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