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Commodities Briefing - Categorized | Market Moves, Oil more

Venezuela’s oil minister: OPEC must accommodate Iran supply

Posted on 29 November 2013

Members of the Organization of the Petroleum Exporting Countries will have to accommodate any additional oil supply into the market in light of the recent easing of economic sanctions on Iran without changes to the cartel’s overall production ceiling, Venezuela Oil Minister Rafael Ramirez said Thursday.
Mr. Ramirez said how Iranian crude is absorbed into the market will feature highly in discussions next week when OPEC members gather. Venezuela will push to maintain the group’s 30-million-barrels-a-day quota, the minister said………………………………………..Full Article: Source


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