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Global oil prices adjusting to Iran output uncertainty - Rosneft CEO

Gasoil News - Published on Fri, 16 Nov 2018

Image Source: ET EnergyWorld
Reuters reported that Global oil prices are already adjusting after being hit by uncertainty about Iran's production, the head of Russia's No.1 oil firm Rosneft said, when asked about the need to cut output. Mr Igor Sechin, speaking to reporters in Singapore, declined to give a forecast for oil prices.

Mr Sechin said it would be "silly" to make predictions about oil prices as it was unclear what action the United States might take, and what other major oil market players, including Saudi Arabia, could possibly do in terms of adjusting production.

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Posted By : Joykumar Irom on Fri, 16 Nov 2018
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