Iran to fight cheap oil&gas
Iran says attempting to keep oil production ceiling at OPEC meeting and discussing the gas price at the upcoming Gas Exporting Countries Forum (GECF) are Iran's top agenda. The 160th OPEC meeting, headed by Iran, will be held in the Austrian capital, Vienna, on December 14 and the 11th ministerial meeting of GECF will open in Doha, Qatar on December 2. Iranian oil minister Rostam Ghasemi says maintaining OPEC output due to stable oil prices is major topic to be reviewed in OPEC. Iran's pale clout on international oil market According to the U.S. Energy Information Administration (EIA) report, OPEC members' oil income was $780 billion in 2010 and this figure would hit up US $1 trillion in 2011. The International Energy Agency released 60 million barrels of oil from its 4 billion emergency stocks four months ago to decrease the oil price. Opposing this action by the IEA Iran came out with a strict statement, accusing the western countries of setting 'unfair