'There must be a resolve for decision-making in such an emergency meeting; otherwise, the essence of holding such a meeting will leave negative impacts on world oil markets,' Bijan Zangeneh said.
'The important thing is that there must be an intention for change, but we have not yet received such a signal,' he added.
The minister added that as long as all 12 member states of the Organization of the Petroleum Exporting Countries (OPEC) 'fail to reach consensus' an emergency meeting would be impossible.
On Thursday, OPEC top producer Saudi Arabia said ultra-low oil prices were 'irrational' as crude hit new 12-year lows under $27 on the global supply glut.
'The price itself is irrational,' said Khalid al-Falih, chairman of state-owned oil firm Saudi Aramco.
Oil markets remain oversupplied, a situation which has been fueled by OPEC's refusal to cut output in order to squeeze out high-cost US shale producers.
OPEC left its output ceiling unchanged, in both June and December last year, at 30 mb/d with its estimated actual output standing at 32 mb/d.
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Original Document: http://en.nioc.ir/Portal/home/?news/81365/71248/168587/OPEC-Emergency-Meeting-May-Prove-Negative
