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Saudi oil exports fall and the return of Iranian oil may increase tensions in the "OPEC"
7/21/2015
Mon, 20 Jul 2015 22:18:23
Saudi oil exports fall and the return of Iranian oil may increase tensions in the "OPEC"
Official data showed that Saudi Arabia's crude oil exports fell in May / last May to 6.935 million bpd from 7.737 million bpd in April / April.
And it provides Riyadh and other members in the "OPEC" oil exports monthly numbers to the shared data published by the initiative on its website.
Meanwhile, experts believe that the return of Iranian oil to markets in the wake of the landmark nuclear between Tehran and major powers agreement may cause new tensions within the Organization of Petroleum Exporting Countries "OPEC" may also enhance productivity organization's strategy.
And reached Tehran and group (5 +1) (Russia and the United States, Britain, China, France and Germany) to the agreement in Vienna Tuesday in order to ensure that Iran's possession of nuclear weapons in exchange for the lifting of sanctions imposed on Tehran paving the way towards the gradual return of Iranian oil to next year's global markets .
The agreement imposes strict limits on Iran's nuclear activities for a period of at least ten years, in contrast, it will be the lifting of sanctions that led to the decline in oil exports to Iran, which is the fifth largest exporter in the "OPEC".
Freezing also will raise about Iranian assets worth billions of dollars.
Tehran's oil exports have been up to 2.4 million barrels per day in 2016 compared with 1.6 million barrels per day in 2014, according to data from Charles Robertson, an economist from the Bank "Renaissance Capital" investment.
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7/21/2015
Mon, 20 Jul 2015 22:18:23
Saudi oil exports fall and the return of Iranian oil may increase tensions in the "OPEC"
Official data showed that Saudi Arabia's crude oil exports fell in May / last May to 6.935 million bpd from 7.737 million bpd in April / April.
And it provides Riyadh and other members in the "OPEC" oil exports monthly numbers to the shared data published by the initiative on its website.
Meanwhile, experts believe that the return of Iranian oil to markets in the wake of the landmark nuclear between Tehran and major powers agreement may cause new tensions within the Organization of Petroleum Exporting Countries "OPEC" may also enhance productivity organization's strategy.
And reached Tehran and group (5 +1) (Russia and the United States, Britain, China, France and Germany) to the agreement in Vienna Tuesday in order to ensure that Iran's possession of nuclear weapons in exchange for the lifting of sanctions imposed on Tehran paving the way towards the gradual return of Iranian oil to next year's global markets .
The agreement imposes strict limits on Iran's nuclear activities for a period of at least ten years, in contrast, it will be the lifting of sanctions that led to the decline in oil exports to Iran, which is the fifth largest exporter in the "OPEC".
Freezing also will raise about Iranian assets worth billions of dollars.
Tehran's oil exports have been up to 2.4 million barrels per day in 2016 compared with 1.6 million barrels per day in 2014, according to data from Charles Robertson, an economist from the Bank "Renaissance Capital" investment.
[You must be registered and logged in to see this link.]
