Tag Archives: iran crude oil

Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets


Oil ministers from Saudi Arabia, Qatar, Venezuela and Russia agreed to keep production at January’s levels on Tuesday, but only as long as other major producers do the same. Iran said it would back any measures to stabilize the markets, but avoided committing to capping its own production. So unless Iran also commits, it could put the agreement on hold.

This deal could be the first joint OPEC and non-OPEC deal in 15 years aimed at tackling a growing glut and helping prices recover.

Continue reading Saudi Arabia,Russia, Qatar and Venezuela’s deal to have little impact on oil markets

Are we heading to an “oil war” within Opec?


Who would have been able to predict one year ago that crude oil’s price, which had already plummeted between January, 2014 and January, 2015 from 110 to 50 dollars, will continue its going down and dip under the 30$ mark? Goldman Sachs maybe?

Continue reading Are we heading to an “oil war” within Opec?

Pétrole: l’Iran appelle l’OPEP à diminuer sa production//Tehran urges OPEC to reduce crude output to boost prices


Dans la situation où les adhérents de l’Organisation des pays exportateurs de pétrole (OPEP) continuent de dépasser leur propre quota de production pétrolière, le ministre iranien du pétrole Bijan Namdar Zanganeh estime que le cartel devrait baisser son niveau de production afin que les prix puissent augmenter.

Continue reading Pétrole: l’Iran appelle l’OPEP à diminuer sa production//Tehran urges OPEC to reduce crude output to boost prices