Iran's Oil Minister Bijan Zanganeh. (Photo | Reuters) 
Business

Iran oil minister says hopes OPEC will not follow U.S. orders

Zanganeh was referring to a tweet by Trump in which he linked U.S. support for Middle Eastern countries to oil prices on Thursday and again urged OPEC to lower prices.

From our online archive

DUBAI: Iranian Oil Minister Bijan Zanganeh said on Sunday he hoped decisions taken by the OPEC and the non-OPEC ministerial committee would not be affected by U.S. President Donald Trump's tweets on oil producers.

"I hope (Trump's) threats will not scare my OPEC colleagues and encourage them to carry out America's orders," Zanganeh was quoted by the oil ministry's SHANA news website as saying.

Zanganeh was referring to a tweet by Trump in which he linked U.S. support for Middle Eastern countries to oil prices on Thursday and again urged OPEC to lower prices.

"In my opinion, President Trump's statement is the biggest insult to U.S.-friendly states and nations in the region," Zanganeh said.

Zanganeh is not attending the OPEC and non-OPEC monitoring committee gathering in Algeria this weekend.

The panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters on Sunday.

Eight killed, 24 injured as bus crashes into truck, catches fire in Rajasthan

Ambala borewell tragedy: Four-year-old pulled out dead after 21-hour rescue

Nayara Energy cuts petrol by Rs 5/litre, diesel by Rs 3 as global oil rates cool down

'Pro Sangh approach': Row over Kerala election commissioner’s appointment deepens rift in Congress

10 days after Ammonia gas leak, several questions remain unanswered

SCROLL FOR NEXT