OPEC to try to curb oil price fall in Sept: Iran

TEHRAN (Reuters) – Iran’s oil minister said on Monday he expected OPEC to work on preventing the falling trend in crude prices and also to study oversupply in the market when it meets in September, oil ministry news website SHANA said.

Iran is traditionally a price hawk and has been at the forefront of rejecting calls for more output from consumers such as the United States, even when prices surged to a record $147 a barrel, a level from which they have now tumbled.

Reuters