Minister Bijan Zangeneh said on Wednesday some OPEC members, but notIranitself, believed it was time to defend market share in the face of growing supplies from non-OPEC nations.He made the comments ahead of a meeting with Saudi Oil Minister Ali al-Naimi.
Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna. Impromptu talks betweenSaudi Arabia, fellow OPEC memberVenezuelaand oil powersRussiaandMexicoyielded no agreement on Tuesday on how to address a growing oil glut.
By Reuters
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