Iran, the number two oil producer in OPEC, reaffirmed on Tuesday that it was against any hike in the cartel's output quota despite continued high crude prices.
"The market is in a good situation," Oil Minister Gholam Hossein Nozari told reporters in Tehran on the sidelines of a petrochemical conference.
"In the next OPEC meeting we are heading towards winter. I think that preserving the current situation is the most appropriate one," he added.
The Organisation of Petroleum Exporting Countries is scheduled to hold its next regular meeting on September 9 in Vienna.
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