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Iran says OPEC reached consensus to manage market - SHANA

Iranian Oil Minister Bijan Zanganeh talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. REUTERS/Ramzi Boudina TPX IMAGES OF THE DAY - RTSPO4Y

DUBAI (Reuters) - The Organization of the Petroleum Exporting Countries reached consensus on Wednesday to freeze oil production to support prices, the Iranian oil minister said after an informal meeting of the OPEC members in Algeria.

“OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market,” Bijan Zanganeh was quoted by Iran’s SHANA news agency as saying

Reporting by Bozorgmehr Sharafedin. Editing by Jane Merriman

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