Iran says $100 a barrel is appropriate price for oil

Iran's oil minister said on Sunday that USD 100 for a barrel of crude was appropriate and there was no need to hold an emergency OPEC meeting to discuss the price.

January 16, 2011 / 15:22 IST

Iran's oil minister said on Sunday that USD 100 for a barrel of crude was appropriate and there was no need to hold an emergency OPEC meeting to discuss the price.

"The price of USD 100 for oil per barrel is real... OPEC does not need to hold an emergency meeting over the price issue," Massoud Mirkazemi told a news conference.

first published: Jan 16, 2011 02:17 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347