Iran’s OPEC Governor: OPEC should stick to existing oil supply cut deal for rest of 2018
|Amid a dozen of headlines crossing the wires from the OPEC ministers, the latest one is from Iran’s OPEC Governor, Hossein Kazempour, noting that the OPEC and its allies should stick to existing oil supply cut deal for rest of 2018.
He further adds that the one way to resolve the situation is the return to 100% compliance.
His comments reaffirm Iran’s disagreement on the output hike, as proposed by Saudi Arabia and Russia.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.