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Commodities Briefing - Categorized | Oil, People more

Iran’s President to lead next OPEC meeting

Posted on 20 May 2011

The Iranian president, Mahmoud Ahmadinejad, is expected to lead next month’s OPEC conference in Vienna as he presses for higher oil prices to aid Iran’s struggling economy, while also seeking to protect and consolidate his power at home as he confronts a growing split with the nation’s supreme leader.
As chairman of the meeting on June 8, Mr. Ahmadinejad is likely to inject a bit of drama into the usually predictable proceedings, in which members of the 12-nation bloc generally follow Saudi Arabia’s lead in promoting moderate oil prices……………………………………….Full Article: Source


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