Venezuela proposed oil production freeze, Saudi wants Iran to join-in

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    As per Reuters report, Venezuela proposed oil production freeze at the current levels for both OPEC and non-OPEC producers during the meeting with Saudi Arabia over the last weekend.

    If reports are to be believed, Saudi warmed to the idea but wants to Iran join-in; something that Iran is unlikely to do since it intends to capture the market share it lost during the three year period when western powers had imposed sanctions.
    For more information, read our latest forex news.

Share This Page

free forex signals