Oil minister says OPEC emergency meeting may hurt market

Oil minister says OPEC emergency meeting may hurt market

Oil minister says OPEC emergency meeting may hurt market

 

 
 
Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest since 2003. But Iran and Gulf members of the OPEC have been rebuffing Venezuela’s push for a special meeting.
“There should be an intention to make a firm decision in such a meeting; otherwise, the meeting will have a negative impacts on world oil markets,” Iran’s Bijan Zangeneh was quoted as saying by the news agency Shana.
“The important thing is that there must be an intention for change, but we have not yet received such a signal,” he said.

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