USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

144

Iran Against OPEC's Oil Price Increase

Iran is against an increase in OPEC production

Iran Against OPEC's Oil Price Increase

Iran is against an increase in OPEC production, an official was quoted as saying Tuesday, arguing that the cartel did not have the capacity to do so, AFP reported.

"OPEC is unable to raise production," an oil ministry source was quoted a saying in national media, sticking with Iran's view that markets were being well supplied.

Iran is the world's fourth and OPEC's second crude producer, with a production level of around four million barrels a day.

Washington accuses Iran of working secretly to build nuclear weapons under cover of a nuclear energy program it is developing with Russian assistance.

Iran denies this charge and says the program is strictly for producing nuclear energy, and is refusing to comply with a Security Council demand to freeze sensitive enrichment work.

Подпишитесь

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru