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[rtl]Date of release: 2018/9/15 22:28 • 127 times read[/rtl]
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The Organization of the Petroleum Exporting Countries (OPEC) has no credibility "after some countries turned it into a" tool in the hands of the United States, "according to Iran's representative to OPEC, Hossein Kazempour Ardebili, on Saturday. Saying.
"Saudi Arabia and the UAE are turning OPEC into an organization that no longer has credibility," Ardebili told the Shana news agency of the Iranian Oil Ministry.
"OPEC is losing its organizational character and turning it into a forum," he said.
In a move strongly opposed by Iran, OPEC and other producer countries, including Saudi Arabia, agreed in June to increase crude oil output by about 1 million barrels a day in a direction that reverses the Organization's cut production policy in recent years and helped manage surplus production and raise prices.
Kazempour Ardebili told Reuters on Friday the United States would find it difficult to shut down his country's oil exports entirely because the market was already running short and rival producers could not make up the shortfall.
http://alforatnews.com/modules/news/article.php?storytopic=43&storyid=174648
[/rtl]
Iran: OPEC has lost its credibility and turned into a tool for America
[/rtl][rtl]Date of release: 2018/9/15 22:28 • 127 times read[/rtl]
The Organization of the Petroleum Exporting Countries (OPEC) has no credibility "after some countries turned it into a" tool in the hands of the United States, "according to Iran's representative to OPEC, Hossein Kazempour Ardebili, on Saturday. Saying.
"Saudi Arabia and the UAE are turning OPEC into an organization that no longer has credibility," Ardebili told the Shana news agency of the Iranian Oil Ministry.
"OPEC is losing its organizational character and turning it into a forum," he said.
In a move strongly opposed by Iran, OPEC and other producer countries, including Saudi Arabia, agreed in June to increase crude oil output by about 1 million barrels a day in a direction that reverses the Organization's cut production policy in recent years and helped manage surplus production and raise prices.
Kazempour Ardebili told Reuters on Friday the United States would find it difficult to shut down his country's oil exports entirely because the market was already running short and rival producers could not make up the shortfall.
http://alforatnews.com/modules/news/article.php?storytopic=43&storyid=174648
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