TEHRAN, Iran (AP) -- Iran's official news agency says OPEC members are discussing holding an emergency meeting in November over the decline in oil prices.
The news agency quoted Iranian Oil Minister Gholam Hossein Nozari on Thursday as saying that the meeting would tackle the reason behind the decline in oil prices.
The report says the emergency meeting may be held Nov. 18.
The Organization of Petroleum Exporting Countries had previously planned to meet in December in Algeria.
Crude prices have fallen about 40 percent since a record high of about $147 per barrel in July, as demand has waned in the United States and other industrialized nations.
OPEC members are worried about further price drops.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.