--> Oil spiking
BFW 04/20 12:20 Iran Urges ‘Collective’ Action by OPEC to Support Crude Prices
MORE: Iran’s Rouhani Tweets No Choice But to Reduce Oil Supply
2015-04-20 14:11:04.302 GMT
By Bruce Stanley
(Bloomberg) -- President Hassan Rouhani says on Twitter
page cuts needed to achieve fair oil prices, market balance, in
meeting with Venezuelan oil minister.
* Iran calls on Algeria, other OPEC members “to launch
collective efforts” with Iran to foil “plot” by
unspecified world powers to push oil prices lower, Fars news
agency reports
* Current prices are contrary both to interests of oil-
producing countries, balance in market, Rouhani says at
meeting in Tehran with Abdel Monem Ahriz, Algerian
ambassador to Iran: Fars
* Iran’s Foreign Minister Javad Zarif also calls for OPEC
members to act jointly to buttress crude prices, speaking at
Tehran news conference with Venezuelan counterpart Delcy
Rodriguez, Iranian oil ministry’s news website Shana reports
* Coordination among Iran, Venezuela, others in OPEC “is
important for preserving and stabilizing oil market”: Zarif
* NOTE: Iran Joins OPEC Member Libya Calling on Group to Cut
Oil Output
* NOTE: Benchmark Brent crude fell 43% in last 12 mos.
Story Link:NSN NN3UA36S9734<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Bruce Stanley in Dubai at +971-4-364-1055 or
bstanley5@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Claudia Carpenter
2015-04-20 14:11:04.302 GMT
By Bruce Stanley
(Bloomberg) -- President Hassan Rouhani says on Twitter
page cuts needed to achieve fair oil prices, market balance, in
meeting with Venezuelan oil minister.
* Iran calls on Algeria, other OPEC members “to launch
collective efforts” with Iran to foil “plot” by
unspecified world powers to push oil prices lower, Fars news
agency reports
* Current prices are contrary both to interests of oil-
producing countries, balance in market, Rouhani says at
meeting in Tehran with Abdel Monem Ahriz, Algerian
ambassador to Iran: Fars
* Iran’s Foreign Minister Javad Zarif also calls for OPEC
members to act jointly to buttress crude prices, speaking at
Tehran news conference with Venezuelan counterpart Delcy
Rodriguez, Iranian oil ministry’s news website Shana reports
* Coordination among Iran, Venezuela, others in OPEC “is
important for preserving and stabilizing oil market”: Zarif
* NOTE: Iran Joins OPEC Member Libya Calling on Group to Cut
Oil Output
* NOTE: Benchmark Brent crude fell 43% in last 12 mos.
Story Link:NSN NN3UA36S9734<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Bruce Stanley in Dubai at +971-4-364-1055 or
bstanley5@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Claudia Carpenter