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| Syria-Lebanon-Iran | |
| Iran blames high US output for falling oil prices | |
| 2017-06-26 | |
[Iran Press TV] Iran has blamed a recent rise in US oil production for the plunge in global prices of crude oil.
Zanganeh said he was already discussing the role of high US oil production in the decline of prices. However, a poor excuse is better than no excuse at all... he said it would be difficult to prepare the member states for any collective action on such issues. The Iranian minister further spoke highly of OPEC’s performance in arriving at a consensus to cut output and help prop up prices. He said the output cut plan was just to show its effects, adding that it was still too soon to judge its effectiveness. OPEC in a meeting in May agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices. The cuts would lower the collective production of producers by 1.8 million barrels per day (mb/d). A dozen non-members led by top oil producer Russia, which reduced output in tandem with OPEC, would also join the scheme. OPEC members Nigeria and Libya would still be excluded from cuts as their output remained curbed by unrest. | |
| Posted by:Fred |
| #6 ValJar blew sushine and adoration up where the sun don't shine everyday and he hardly noticed how much a sock puppet he was for her and her true Masters. |
| Posted by: NoMoreBS 2017-06-26 19:07 |
| #5 Was he lying to help his Iranian deal out??? Either that or he's stupid. Most likely both. |
| Posted by: gorb 2017-06-26 12:43 |
| #4 But, but, Obama said we couldn't drill our way out of the oil shortage. Was he lying to help his Iranian deal out??? The things I would like to see done to Baracky Poo would probably get me banned so I'll leave that to your imagination. |
| Posted by: AlanC 2017-06-26 11:52 |
| #3 I used to be employed by the 'evil oil companies' but we were so successful that they no longer needed my services. Now I am 'retired.' |
| Posted by: Glenmore 2017-06-26 10:47 |
| #2 I do. And people call me a fracker all the time. |
| Posted by: gorb 2017-06-26 10:32 |
| #1 Americans have "Pizza IDF", maybe Israel needs "Pizza Fracker" (do frackers eat pizza?). |
| Posted by: g(r)omgoru 2017-06-26 02:26 |