| Iran's Oil Minister Bijan Zanganeh said on Monday he doubted there was sufficient will in all of OPEC for the group to act to support oil prices at its Dec.4 meeting. When asked for his reaction to a statement from Saudi Arabia reiterating its continued openess to work with producers outside OPEC, the minister said: "I don't believe there is strong intention from some parts of OPEC to stabilise the market."
"It's OPEC's mission to stabilise the market for the benefit of all its members," he added. "If (that) is subject to cooperation with non-OPEC producers then it means we are going to do nothing."..............................................Full Article: Source
|