BRKG: Iran calls for Extraordinary OPEC meeting.

It's shitting bricks over loss in revenue.


Sanctions-hit Iran on Saturday called for OPEC to hold an extraordinary meeting to rein in output going over its agreed total quota because oil prices have dipped to a "critical level" under $100 a barrel.

"We have asked the secretary general to set up an extraordinary meeting as prices have become irrational," Iranian Oil Minister Rostam Qasemi was quoted as saying on his ministry's official news website Shana.

He stressed that the last Organization of Petroleum Exporting Countries meeting, on June 14, had decided the cartel's overall quota would be 30 million barrels but "members' production has reached 33 million barrels a day."


[link to www.naharnet.com]

Dont u dare steal this doorbert!