Oil prices would increase above $100 in 2012: Iran

TEHRAN, Nov.6 (MNA) - Iran's representative to OPEC, Mohammad-Ali Khatibi, said the average price for crude oil is expected to increase above $100 per barrel next year, Pana news agency reported on Saturday. Khatibi also said the OPEC members are in good cooperation to secure common interests, although they might differ on certain issues. Khatibi announced on October 30 that Iran does not envisage holding an emergency meeting of the oil producers' group ahead of a scheduled one in December. "I find it improbable to have an OPEC emergency meeting because there is no emergency matter and the market is balanced," he was quoted as saying. On oil prices, Khatibi said, "The fall in the oil price is detrimental for all oil producers and exporters." Iran has said in the past it expects output quotas to remain unchanged at the December meeting.