Monday 18 January 2016

UAE says Iran supply will harm the market | GulfNews.com

UAE says Iran supply will harm the market | GulfNews.com:

"The Organisation of Petroleum Exporting Countries (Opec) producer Iran’s new supply coming into the market will further delay the stability and balance of the market globally, the UAE Energy Minister told reporters on Monday in Abu Dhabi.

“Any new production that comes to the market will delay the time it takes for the market to balance itself. And that is bad news,” said Suhail Al Mazroui on the sidelines of World Future Energy Summit.

“Anyone who is going to bring more crude to the market is going to harm the market coming from any country. It is going to get worse. That is obvious.”"



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