22.08.2012 - Iran to seek collective OPEC reaction if West releases oil stocks

Iran would expect a collective reaction from OPEC should there be a coordinated oil stock release by the West, Iran's oil ministry spokesman Ali Reza Nikzad Rahbar was quoted as saying Tuesday. Nikzad also said the talk of a stock release was likely in response to the recent increase in oil prices caused in part by the threat of a possible attack on Iran by Israel...............................................Full Article: Source

Print