LONDON - Iran’s oil minister said on Sunday that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran.
“Oil prices are increasing every day. That shows the market is worried,” Bijan Zanganeh was quoted as saying by Tasnim news agency. Zanganeh said one of the consequences of pressure on Iran was a rise in fuel prices in the United States.
Give it a rest Reuters. Oil companies always desire higher prices. The market self-adjusts. Plus USA can now be Oil & Gas self reliant if need be.
The World can do without enriching dictators & terrorist states like Iran. It's time to close the chapter on this Iranian regime that only brought Terror & mayhem domestically & to the Middle East. Where is the Iranian SPRING?
Recently I noticed price surge at pumps in VA. That is crazy despite with reserves bigger than S.Arabia U.S at peak production. Obviously sanctions against Iran & Venezuela reduciing supply boosting consumer prices. Doubt Trump's white working class likes that.
The oil companies, no matter what their respective countries of origin will use any pretext for raising prices and grabbing a profit.
Outside pressure and inside corruptions is elsewhere goal to kick out disbelief in order to provide informations and strong decisions to become countrery to disinfomations the strogest ever.
spark of oil price with deep decline later.