OPEC Aims for Modest Output Hike to Overcome Iranian Opposition
Iran says Venezuela, Iraq will help it to block any increase/ A crew man stands on the deck of a crude oil tanker as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in the Persian Gulf, Iran./ OPEC is discussing a relatively modest ...
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Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto
Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output, a position taken by both Saudi Arabia and Russia. “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity,” Hossein Kazempour Ardebili, Iran’s OPEC representative, on ...
Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq
Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna. Speaking to Bloomberg on Sunday, Kazempour said “If the Kingdom of Saudi Arabia and Russia ...
Russia, Saudi seek raised OPEC output of 1.5 million bpd
Russian Energy Minister Alexander Novak (C), pictured with his Saudi counterpart Khaled al-Faleh (L) at a meeting of OPEC and non-OPEC members in April, 2018 (AFP Photo/Amer HILABI)/ Moscow (AFP) - Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third ...
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Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost
‘We do not need to appease Trump,’ Iran’s Kazempour says/ ‘Market well-supplied, and OPEC should abide by its decision’/ Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna ...
