Iran oil minister doubts OPEC will act on market


TEHRAN (Reuters) - Iran's Oil Minister Bijan Zanganeh said on Monday he doubted there was sufficient will in all of OPEC for the group to act to support oil prices at its Dec.4 meeting.

When asked for his reaction to a statement from Saudi Arabia reiterating its continued openess to work with producers outside OPEC, the minister said: "I don't believe there is strong intention from some parts of OPEC to stabilise the market."

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