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Iran says OPEC emergency meeting not needed
- Iran: Sunday, April 21 - 2013 at 05:51
Iranian oil minister Rostam Qasemi has said his country sees no need for an emergency meeting of the oil cartel Opec over a recent drop in crude prices before the producers' annual session at the end of May, AFP has reported. "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. The minister's remarks came after Venezuela's top oil official reportedly said Thursday that Opec officials were considering holding a special meeting on the market if prices continue to fall. Opec is set to meet in Vienna on May 31.
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