Iran says no decision yet on OPEC meeting

TEHRAN – A senior Iranian oil official said on Sunday
OPEC had still not decided on whether to hold an emergency meeting soon to discuss a 15 percent drop in crude prices since the start of the year, a ministry Web site said.

“There is still no official decision over holding an urgent meeting of OPEC in the coming days,” Javad Yarjani, head of OPEC affairs at the Oil Ministry, was quoted as saying by the Oil Ministry’s Web site, SHANA.

“Finalizing this decision and carrying it out is useful only if all the members of OPEC reach an agreement on that,” he said.

Chakib Khelil, energy and mines minister of Algeria, another OPEC member, said on Saturday OPEC members were still consulting on whether to hold a meeting to discuss the price fall.

Reuters