IINS - Tehran's OPEC representative on Tuesday hit out at fellow cartel member Saudi Arabia for pumping extra oil into the market as Iran's crude exports were targeted by Western sanctions.
"Increasing production by some OPEC members, especially Saudi Arabia, will create instability in the market and will likely lead to a serious decline in oil prices which undermines OPEC's goals," Mohammad Ali Khatibi was quoted as saying on the oil ministry's news website SHANA.
"It is better for OPEC members to let the global market determine the price of oil and avoid making unilateral decisions," he added.
US ally Saudi Arabia has increased oil output this year to make up for a shortfall in Iranian crude confirmed by OPEC and market analysts./-
