05.12.2013 - Iran threatens to trigger oil price war |
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 |