برچسب مطالب ‘market’

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below most of the cartel members’ budget-balance points.

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Oil Production Cuts Under Consideration

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as one million barrels of oil a day, to rebalance the market after US sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday.

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US cannot stop oil export from Iran

The US cannot null oil export from the Iran, as there is no sufficient volume of alternative sources on the market to replace the share of Teheran, said Hossein Kazempur Ardebili, representative of Iran in OPEC.

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Russia: Our cooperation with Saudi Arabia will stabilise oil market

The head of Russia’s sovereign wealth fund, Kirill Dmitriev, said on Monday that the joint agreement between OPEC and its other oil producers allies to increase production indicates the strength of the Russian-Saudi alliance in the energy field, which will help stabilise the market for many years to come.

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Crude oil prices mixed amid worries over growing supplies

Oil prices were mixed in early Asian trade on Wednesday, with worries that Saudi Arabia and Russia will pump more crude weighing on the market.

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Iran warns of fallout as Trump hints at oil embargo

Iran’s Minister of Petroleum Bijan Zangeneh says a possible boycott of the Islamic Republic’s crude oil as sought by US President Donald Trump would affect the market.

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