Sign in to follow this  
Followers 0
Marina Schwarz

Iran Oil Minister Talks about Early End to OPEC Deal

Recommended Posts

“If we want to make a decision, it has be at the right time, which is June -- when we’ll next meet,” Zanganeh said. “But my impression is that OPEC members are not after very expensive oil because very expensive oil leads to mid-term price fluctuations.” Add to this the news that Russia's dollar-buying spree has hit a record as it seeks to keep the ruble low. It's fascinating: what's the lesser evil for OPEC, US drillers pumping over 10 million bpd and "stealing" market share or trying to make ends meet with lower prices?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0