Source Pravda.Ru

Iraqi oil to crash oil market?

As soon as Iraq resumes pre-war volumes of oil supplies, world prices for crude oil might fall sharply, Bijan Namdar Zanganeh, Iranian Minister of Petroleum, told journalists in Teheran on Wednesday.

It will be possible to avert the collapse of prices for crude oil, only if OPEC extends and enhances co-operation with major exporters of oil, first of all Russia, Mexico and Norway, the Iranian minister pointed out.

At the same time Mr. Zanganeh refrained from answering the question when Baghdad was supposed to return to world energy markets and finally to the world oil cartel.

According to OPEC's information, at present Iraq produces about 1 mln barrels of crude oil per day, whereas the pre-war daily rate was 2.8 barrels on the average.

One of the risks of being an editorial writer is that life and events are not stagnant: News reports that appear to be truths one day can turn into lies the next, and vice versa; people who are praised in one breath can be reviled in the next, and vice versa as well.

Support racism:  Watch the NFL

One of the risks of being an editorial writer is that life and events are not stagnant: News reports that appear to be truths one day can turn into lies the next, and vice versa; people who are praised in one breath can be reviled in the next, and vice versa as well.

Support racism:  Watch the NFL

One of the risks of being an editorial writer is that life and events are not stagnant: News reports that appear to be truths one day can turn into lies the next, and vice versa; people who are praised in one breath can be reviled in the next, and vice versa as well.

Support racism:  Watch the NFL
Comments
To celebrate Titanic's 20th anniversary, heartbreaking cut footage has been released
Kim Jong-un works hard to light up a 'death star' above Earth
Did the USSR win the war in Afghanistan?
Did the USSR win the war in Afghanistan?
Support racism: Watch the NFL
Russia’s TV channel refuse to broadcast 2018 Winter Olympics should Russia be discriminated
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Conchita Wurst to come to Russia for closing ceremony of LGBT festival
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Trump's solar wall and barefaced lies
Planet Nibiru drives astronomers to a frenzy
Support racism: Watch the NFL
Russian-Indian defence cooperation in danger after India commits inadmissible act
Support racism: Watch the NFL
Support racism: Watch the NFL
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Support racism: Watch the NFL
Support racism: Watch the NFL
Einstein and his deadly error about E = mc2
Support racism: Watch the NFL