iea decision to release oil stocks
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

IEA decision to release oil stocks

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleIEA decision to release oil stocks

Tehran - Arabstoday

Iran condemned yesterday a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market that would not have a sustained impact on prices. \"The measure by the International Energy Agency in consuming their oil stockpile is meddling in the natural oil market trend and the drop in oil prices will not be sustainable,\" Iran\'s Opec governor Mohammad Ali Khatibi was quoted as saying by the Oil Ministry website SHANA. The 28-member IEA said on Thursday it would release 60 million barrels a day over an initial 30 days to fill the gap created by the disruption to Libya\'s output. Earlier this month, Opec failed to reach consensus to increase production, which consumer countries wanted and leading exporter Saudi Arabia had pushed for, but which other producers, including Iran, opposed. After the Opec meeting, Saudi Arabia said it would unilaterally increase output to meet the needs of the market. Iran said the move was politically motivated as Saudi Arabia was under western pressure. \"After the United States and Europe failed to raise the organisation\'s output in the recent Opec meeting, they used their utmost efforts to lower the global oil price. The consumption of stocks by the IEA to compensate for the oil shortage will push down prices in an artificial way,\" Khatibi said.. From / Gulf News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iea decision to release oil stocks iea decision to release oil stocks

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:40 2017 Sunday ,17 December

May wins Brexit boost, but bigger battles await

GMT 06:33 2017 Friday ,01 December

Venezuela blames oil woes on 'sabotage

GMT 10:53 2017 Wednesday ,27 September

Fadl Shaker change residency after threats

GMT 08:37 2018 Tuesday ,23 January

Europe brings on charm and blue skies

GMT 22:55 2017 Tuesday ,07 February

Egypt backs Trump’s media criticism

GMT 09:50 2016 Thursday ,27 October

Voices concern over AT&T-Time Warner

GMT 07:48 2018 Sunday ,07 January

Globes newcomer Timothee Chalamet shoots

GMT 15:35 2017 Friday ,06 October

SAMA governor: Real GDP growth of 1.7% during 2016

GMT 11:42 2017 Tuesday ,31 October

Greece finds stand-up comedy amid economic tragedy
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle