Iran to oppose rise in Opec production ceiling

Iran will reject any increase of the Opec production ceiling in the cartel's next meeting, the country's Oil Ministry caretaker Mohammad Aliabadi told the semi-official Mehr news agency on Sunday. "Considering the demand and supply situation in the oil market, Iran will reject any increase in the Opec output ceiling in the next meeting Opec has no intention to increase prices of crude," Aliabadi said.
Aliabadi condemned Saudi Arabia's "unilateral decision" to increase its output and branded the move as a politically-motivated one. "This increase is due to the request of America," he said.