The rapid growth in the oil market has entered a correction. News background tainted data from the U.S. Department of energy and the statements of Saudi Arabia. At the end of Thursday the barrel of the mixture Brent lost more than 1%. Data on stocks in the U.S. once again …
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The foreign Minister of Saudi Arabia Adil al-Jubayr said that the Kingdom is “not ready” to cut oil production, Reuters reports. The idea that among the countries-oil exporters Riyadh needs to cut production to prevent a drop in oil prices, has put forward in Iran. “If other manufacturers want to …
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Iran considers insufficient the conclusion of a global agreement on freezing of the level of oil production to maintain reasonable prices. About it reports Reuters referring to a source in the oil industry. “The problem of the market is overproduction. You must do something to get rid of those extra …
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Iran will not freeze or reduce the production of hydrocarbons, despite the statements of oil Minister of this country, said the partner of company Rusenergy Mikhail Krutikhin in a conversation with “Tape.ru”. According to the expert, in approving the agreement of the countries-oil exporters of frozen production, Tehran is not …
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Iran supported the initiative of the countries-oil producers to freeze production. As reported on Wednesday, February 17, the Agency “Shana”, this was stated by the Minister of oil of the country, Bijan Namdar Zanganeh, after talks with his counterparts from Venezuela, Iraq and Qatar, held in Tehran. At the meeting …
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Another member of the Organization of countries-exporters of oil (OPEC) — Kuwait, agreed to freeze production at the current level. On this February 16 Rambler News Service reports, citing data from Bloomberg. Per day the country produces about three million barrels of oil. The source of the Agency noted that …
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