Iran says no need to extend OPEC, non-OPEC pact if crude oil prices rise- SHANA | ZAWYA MENA Edition:
"Iran's oil minister said there would be no need to extend a pact between OPEC and non-OPEC producers aimed at bolstering oil prices if the crude price continued to rise, the ministry's official website SHANA reported on Monday. "There will be no decision on this in OPEC's next meeting ... if oil prices continue to increase, there will be no need to extend the deal," Bijan Zanganeh was quoted as saying by SHANA. Since early 2017, members of the Organization of the Petroleum Exporting Countries (OPEC), Russia and other non-OPEC crude producers have curbed output with the aim of eliminating a global oil glut. "
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