Sat, Feb 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Iran threatens to trigger oil price war

Posted on 05 December 2013

Tension between Iran and Saudi Arabia over Tehran’s plans to raise oil output spilled into the open on Wednesday as Opec rolled over its production target in the belief a wall of supply will fail to materialise next year.
The oil producers’ cartel controls around a third of the global oil market and, as the only source of spare capacity, exerts a big influence over prices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39433 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
S M T W T F S
« Jan    
1234567
891011121314
15161718192021
22232425262728