Tag: Iran Oil
Iran snubs crude cap proposal, won’t freeze on oil output levels
Crude cap agreed to by Russia, Saudi Arabia, Venezuela and Qatar TEHRAN, Iran _ Iran on Wednesday snubbed a crude cap proposal agreed to by four influential oil producers. A senior Oil Ministry official saying Tehran has no intention of freezing oil output levels. Mahdi Asali, Iran’s OPEC envoy, said his country will in fact […]
As Iran sanctions lift, more production may lead to lower oil prices
Iran sanctions likely to be lifted slowly Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. Many analysts estimate that Iran, OPEC’s fourth-largest oil producer, has piled up tens of millions […]
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