Live World Indices are powered by

Tuesday, 9 June 2015

OPEC Cartel Falling Apart - Oil Prices Could Skyrocket

The Sun Sets on Opec as Saudi Wages Economic War With Iran

After a week of meetings of the Organisation of the Petroleum Exporting Countries (Opec) in Vienna, one thing is clear: Iran and Saudi Arabia are on a collision course that could eventually break the world's largest oil-producing group apart.


Faced with Saudi Arabia's stubborn determination to keep Opec pumping at full choke, Iran's oil minister, Bijan Zanganeh, has upped the stakes in this game of double bluff between the Middle East's two dominant political forces. He stated confidently that the Islamic Republic will pump an additional 1m barrels per day (bpd) of crude within months of nuclear sanctions being lifted by the West. Read More.

Fierce "Peak Oil Debate" Between Ministers 
Last OPEC  Meeting

Search This Blog

Blog Archive