Tasnim � Iran�s Oil Minister Bijan Namdar Zanganeh said Friday�s �fruitless� meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.

Speaking to reporters, Zanganeh said the ministerial meeting of the OPEC and non-OPEC countries that ended without achieving a result in Vienna on Friday was one of the worst meetings he has ever seen in the history of the organization.

�It was a very tough meeting and was almost fruitless,� he explained.

The Iranian minister said a reduction in the OPEC output that had been agreed upon in December 2019 was not extended in the meeting. �The market needs production cut and an agreement.�

�Six hours of private negotiations were held, but Russia and Saudi Arabia could not reach an agreement. One should show flexibility in negotiations, otherwise, everybody would be harmed,� Zanganeh added.

He also noted that a number of the OPEC members were insisting that non-OPEC states join the production cuts, but the non-OPEC countries did not approve.

The Organization of the Petroleum Exporting Countries had proposed Thursday that oil output be curbed by 1.5 million barrels a day, or 1.5 percent of world oil supplies, to deal with the effects of the spreading coronavirus outbreak on demand.