EghtesadOnline: Iran's Oil Minister Bijan Namdar Zanganeh said OPEC may need to hold an extraordinary meeting, if the organization of oil producers fails to prevent member countries from adjusting their crude production without approval.

EghtesadOnline: Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

EghtesadOnline: Iran said it is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.

EghtesadOnline: Oil Minister Bijan Zangeneh confirmed on Thursday that he will attend the upcoming meeting of the Organization of the Petroleum Exporting Countries (OEPC) in Algeria in late September.

EghtesadOnline: Iran has confirmed it will participate in the upcoming OPEC meeting in Algeria next month, Reuters reported with the reference to OPEC source.