Iran, Saudi oil chiefs likely to meet on sidelines of OPEC meeting

Oil Minister Bijan Namdar Zanganeh says Iran is not in a sulk [when it comes to Saudi Arabia] and that he is likely to meet with the Saudi oil chief on the sidelines of an upcoming meeting of the Organization of Petroleum Exporting Countries.

He further said any reduction in OPEC output needs the consensus of member states and that under the current circumstances OPEC is unlikely to change production.

By IFP