As per reports and information from our sources,Iran,prominent member of the oil cartel Organization of Petroleum Exporting Countries and long-time adversary of the US, has objected to the move by certain members of the oil exporting cartel to raise output in order to clam markets and ease oil prices.After the Libyan conflict, some OPEC members went beyond the unity policy (of the organization) and demanded to increase supply.
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Iran,member of the oil cartel OPEC has objected to the move by certain members of the oil exporting cartel to raise output....
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Speculation driving oil prices:
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Iran gasoline consumption reduces
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Iran has manufactured its own nuclear fuel
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Petroleum dealers defy directive
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Oil not reflecting fundamentals:
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Opec: no need to pump more oil
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Iranian crude to India remains unaffected despite sanctions
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Iran has steady relation with UAE:
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Iran injects 782 million cubic meters of gas into oil wells
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Mideast oils fall versus benchmarks after producers raise prices
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Indonesia pulling out of OPEC
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OPEC quota will probably not constrain Iraq's oil output for some time..
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Oil supplies from Iran on schedule:
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Opec to raise oil production quota
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Sanctions on Iran may not be enough
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OPEC will see that whatever demand prevails will be consumed by non-OPEC suppliers