Saudi Arabia will host a meeting on June 22 in which oil producing and consuming countries will discuss ways to control soaring energy prices.
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Iran Opposes Any Saudi Unilateral Crude Oil Output Increase
Iran said on Tuesday it opposes any unilateral move by Saudi Arabia to raise its crude oil output without a consensus from...
Iran said on Tuesday it opposes any unilateral move by Saudi Arabia to raise its crude oil output without a consensus from the Organization of Petroleum Exporting Countries (OPEC), Iran's Press TV satellite channel reported.
The Iranian OPEC representative also said there was no shortage in the oil market and "oil producers are all agreed that oil market is saturated.
UN Secretary-General Ban Ki-moon said on Sunday that Saudi Arabia had told him it would increase its oil output by a further 200,000 barrels a day in July.
Saudi Arabia will host a meeting on June 22 in which oil producing and consuming countries will discuss ways to control soaring energy prices.
Saudi Arabia will host a meeting on June 22 in which oil producing and consuming countries will discuss ways to control soaring energy prices.
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