Tag: Oil Production Cap

Iran snubs crude cap proposal, won’t freeze on oil output levels

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 […]

By February 17, 2016 0 Comments Read More →