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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
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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

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