Saudi-Iranian tensions hinder the installation of oil production

[ltr]Saudi-Iranian tensions hinder the installation of oil production[/ltr]

 Since 04.18.2016 at 08:43 (Baghdad time)
[ltr][/ltr]
[ltr]Follow-up - the balance of News[/ltr]
[ltr]Agreement to install oil production among OPEC producing countries and abroad collapsed after Saudi Arabia demanded that Iran is involved despite appeals to save the Riyadh agreement to help lift crude prices.[/ltr]
[ltr]And it will renew fears that the oil sector of the market share war between the major producers, particularly after Riyadh threatened a significant increase in production in the event of failure to reach agreement.[/ltr]
[ltr]I met about 18 countries of OPEC members and outside on Sunday morning in the Qatari capital Doha to approve the deal was in the pipeline since February to install crude production at January levels until October next October.[/ltr]
[ltr]But Saudi Arabia, OPEC's largest producer informed Elhoudaran they want to share all the OPEC members in the freeze agreement, including Iran, which is absent from the talks.[/ltr]
[ltr]Earlier, Iran announced its refusal to install production in an effort to regain market share after the lifting of international sanctions that were imposed in January.[/ltr]
[ltr]After five hours of painstaking discussions about the way the drafting of the final statement - including debates between Saudi Arabia and Russia - delegations, ministers announced the failure to reach agreement.[/ltr]
[ltr]He said Qatar's Energy Minister Mohammed Sada told reporters: "We concluded that we all need time for further consultation."She said several OPEC sources said that if Iran agreed to participate in the installation of production during the next OPEC meeting scheduled second day of June, it will resume talks with producers from outside the organization.[/ltr]
[ltr]* Position of a Saudi militant[/ltr]
[ltr]Failure to reach an agreement to recover the collapse of oil prices in the recent period may lead.[/ltr]
[ltr]Said Abhishek Deshpande, oil market analyst at Natksys "in light of the failure to reach agreement today is likely to Taatdal market confidence in OPEC's ability to take reasonable action to adjust supply, which will push the oil markets for the decline is certainly where it was forecast to reach agreement among the reasons for the rally . "[/ltr]
[ltr]"Without the possibility of delayed agreement to balance the market to the middle of 2017 we will see many speculators Atforeigon next week."[/ltr]
[ltr]Brent rose to about $ 45, up 60 percent from January, due to optimism that the agreement reduces oversupply prices, which have fallen from above $ 115 mid-2014.[/ltr]
[ltr]Said Amrita Sen from Energy Ospkedz that oil prices could fall below $ 40 on Monday, in a spontaneous reaction to the outcome of the meeting.[/ltr]
[ltr]She said, "While the lack of agreement on freezing today will not adversely affect existing balances - because Iran is in fact the only country that is likely to production increase significantly - it has a negative impact huge on sentiment, especially after all the publicity surrounding the deal."[/ltr]
[ltr]Saudi Arabia and take a tough stance on Iran, the only OPEC member in refusing to participate in the freeze.[/ltr]
[ltr]Crown Saudi Crown Prince Mohammed bin Salman Bloomberg reported that Saudi Arabia may increase production quickly and it will not inhibit its production unless Iran agrees to freeze.[/ltr]
[ltr]On Saturday , he said Iranian Oil Minister Bijan Zanganeh said the producers of OPEC and outside Iran to accept the fact that the return of the oil market and said : "If proven Iran 's oil production ... will not benefit from the lifting of sanctions." End quote 29/4 e[/ltr]


[ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
[/ltr]