‘Grouping Of Russia, China, India, Iran To Have Lots Of Internal Demand For Oil’


‘Grouping Of Russia, China, India, Iran To Have Lots Of Internal Demand For Oil’

To a certain extent. One always has to have another look at how much extra capacity do countries have. A lot of countries, even in the OPEC, in the Arab part of the OPEC blocks don’t have a huge amount of extra capacity. So yes, I would expect them to do that above all, because what the debate is then going to be is the usual old thing about OPEC quotas.

We can’t let you have a massive increase in your relative quotas, so this old chestnut, which is a thing of days of yore, comes back to the table and it would be particularly interesting to see how this particular discussion looks, and also it would be interesting to see whether there are any tensions evident between Saudi Arabia and Iran – which normally don’t surface at OPEC meetings, even during the Iran, Iraq war. That was rarely a topic of discussion for the OPEC. Read More

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