Saudi-Iran Rivalry Heats Up as OPEC Seeks to Stabilize Price

Saudi-Iran Rivalry Heats Up as OPEC Seeks to Stabilize Price

Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.
Oil’s return to a bear market last week prompted a flurry of words from members of the Organization of Petroleum Exporting Countries. The group’s president Mohammed Al Sada announced plans on Monday to hold an informal meeting in Algiers next month to discuss stabilizing the market, while Venezuelan President Nicolas Maduro said Tuesday he spoke to Saudi Arabia’s king about boosting prices. Read More…

Leave a Reply

Your email address will not be published.