Tuesday, January 13, 2015

Rowhani: Those behind oil slump will ‘regret it’

Iranian President Hassan Rowhani said on Tuesday that those behind the fall in global oil prices would regret their decision and warned they would suffer alongside Iran from the price drop.
"Those that have planned to decrease the prices against other countries, will regret this decision," Rowhani said in a
speech broadcast on state television.


“Know that they will suffer more than Iran,” he added.
Oil prices have fallen to six-year lows in the last six months, plunging by more than 50 percent amid concerns of oversupply and weak global growth, with benchmark prices dropping to below $50 a barrel.

Meanwhile, Venezuelan President Nicolas Maduro was in Algeria Tuesday for talks with the fellow OPEC member on how to tackle tumbling oil prices, officials said.
Maduro arrived in Algiers on a tour of OPEC countries that has included Saudi Arabia and Iran, where he reportedly pushed for greater cooperation between members of the cartel to shore up the price of oil.

He was to meet in Algeria with President Abdelaziz Bouteflika, according to a presidential statement quoted by Algeria's APS press agency.

The two are to hold talks on "the current crisis in the price of oil, and on the ways and means of turning it around, in the framework of an effort broadened to non-OPEC producers," it said.
http://english.alarabiya.net/en/business/energy/2015/01/13/Rowhani-Countries-behind-oil-slump-will-regret-it-.html
[With AFP and Reuters]
13/1/15
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2 comments:

  1. Le pétrole poursuit sa baisse ...

    Les prix du pétrole poursuivent leur baisse sur fond de craintes des investisseurs face à une production surabondante et la hausse des réserves pétrolières aux Etats-Unis.

    A 06h51 (heure de Moscou), le baril de Brent de la mer du Nord pour livraison en février cotait 46,77 dollars, soit une baisse de 1,39%. Le baril de light sweet crude (WTI) pour la même échéance reculait de 1,52%, à 47,24 dollars.

    Lundi 12 janvier, le Brent avait chuté à 47,44 dollars le baril (- 5,63%), et le WTI à 46,15 USD le baril (- 4,79%).

    Depuis le début de l'année 2014, les prix de l'or noir ont diminué de plus de 50%, soit la baisse la plus forte depuis la crise financière de 2008. Selon les analystes de Morgan Stanley, il y a "peu de raisons" qui empêchent les prix du pétrole de chuter plus.
    Lire la suite: http://french.ruvr.ru/news/2015_01_13/Le-petrole-poursuit-sa-baisse-1609/
    13/1/15

    ReplyDelete
  2. The countries, which have planned to lower oil prices, will regret their decision, Iranian President Hassan Rouhani said on Tuesday...

    "If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran," he added..................http://itar-tass.com/en/economy/770886
    13/1/15

    ReplyDelete

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