Tuesday, August 16, 2022

Energy Market

Saudi comments add to market volatility

A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.

Iran to increase oil output to 5.7 million bpd by 2018

Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh.

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