February 24, 2015 / 11:44 PM / 5 years ago

Ecuador's Correa says OPEC should call extraordinary meeting

GUAYAQUIL, Ecuador, Feb 24 (Reuters) - Ecuador’s President Rafael Correa said on Tuesday he agrees with a proposal for OPEC to call an extraordinary meeting, describing current global prices for oil as “unnecessarily” low.

“Of course we agree,” Correa told reporters during a press conference. “In fact, there have been diplomatic movements to be able to hold that meeting.”

Nigeria Oil Minister Diezani Alison-Madueke told the Financial Times in comments published on Monday that she would call an emergency meeting if oil prices fell any further.

But two OPEC delegates on Tuesday said the organization has no plans to hold an emergency meeting before its next scheduled gathering in June. (Reporting by Yuri Garcia, writing by Brian Ellsworth)

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