OPEC's Stance Another Blow to US.

Iranian President Hassan Rouhani lauded the recent resistance shown by the member-states of the Organization of the Petroleum Exporting Countries in their recent meeting in Vienna against Washington's pressures, and described OPEC's stance as another failure for the US.

“Despite the American’s attempts to interfere in OPEC's affairs and attempting to disrupt the balance, with the resistance of the member-states Iran's Oil Minister Bijan Zangeneh, the US plots were foiled, marking another failure for them," President Rouhani said on Sunday, addressing a cabinet meeting.

President Rouhani's remarks came after in a recent two-day OPEC meeting in Vienna, Iran along with Venezuela and Libya were exempted from oil production cuts while other member countries agreed to cut production despite huge US attempts to keep the price of oil down, marking a failure for the US.

In relevant remarks in late September, Iran's OPEC Governor Hossein Kazempour Ardebili blasted the US for trying to politicize the decisions by the Organization of the Petroleum Exporting Countries.

"The US administration is seeking to politicize the Organization of the Petroleum Exporting Countries (OPEC)," Kazempour Ardebili said.

"The Trump administration is pushing politics into the OPEC (Organization of Petroleum Exporting Countries), and is aiming at spreading the members and securing their own interests by getting lower prices and so forth," Kazempour Ardebili said.

Kazempour Ardebili's remarks came after Trump said that the oil price is high and OPEC should decrease it.

US president has also called for increasing oil production to compensate the possible reduction in production of Iran, Libya and Venezuela in international markets.

"I think what they are doing actually is (leading to) higher prices because the fundamentals even do not warrant this level of prices," Kazempour Ardebili said.

"I am telling him (Trump), keep quiet, do not do any tweets, and then you will be better off in the prices," he added.

Kazempour Ardebili is in Algeria to participate in the 10th meeting of Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC).

Representatives from some 24 countries, including Iran, are present in the Committee session which is chaired by Saudi Arabia.

source: FARS News Agency