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Commodities Briefing - Categorized | Market Moves, Oil more

Iran, Iraq put OPEC on notice of big oil increases

Posted on 04 December 2013

Iran and Iraq on Tuesday put OPEC on notice of substantial oil output increases to come, saying others in the producer cartel will need to give way to make room for them.
Speaking ahead of an OPEC meeting, oil ministers for the two countries — rivals as the group’s second and third biggest producers after Saudi Arabia — said they were targeting 4 million barrels a day, growth of about one million bpd apiece………………………………………..Full Article: Source


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