Saudi, Russian oil output unable to compensate for Iranian crude: Zanganeh
Iranian oil output cannot be replaced by other oil producing countries if Tehran is hit by sanctions by the United States in November, Iranian Oil Minister Bijan Zanganeh told the Ministry’s website SHANA on Monday./ FILE PHOTO - Iran's Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader/ “As I have repeatedly said there is no replacement for Iranian oil in the market. Saudi Arabia and Russia’s output is near their highest level ever and they have no spare capacity to pump ...
Click
To Read Full Article