07.02.2011 - No need for OPEC meeting even for $120 oil

From Tehrantimes.com: There is no need for OPEC members to hold an emergency meeting, even if prices rise as high as $120 a barrel, Iranian Oil Minister Massoud Mirkazemi said. The Mehr News Agency quoted the OPEC president as saying, “I don’t see a need any time soon for an emergency meeting.” “So far, no request for an emergency meeting has been made by any of the member states,” he added..............................................Full Article: Source

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