Iran to join oil output freeze after regaining market share –Russia’s Novak

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Russian energy minister Novak was on the wires assuring markets that Iran has agreed to freeze output once it producer 4 million barrels per day.

    Iran has made it clear time and again that intends to regain the market share it lost during sanction years. Hence, the nation is intends to bulk up its daily produce to 4 million barrels.

    Key Quotes

    Iran has confirmed its participation at the 17 April Doha meeting

    Novak may discuss Saudi Arabia's position with them ahead of the meeting
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