« Chinese Auto Parts Enter the Global Market | Main | Safety Systems Of the Future »

OPEOil Prices Rise on OPEC Minister Remarks

Oil prices rose after Iran's oil minister said OPEC has no plans to release more oil into the market ahead of its next policy meeting in September and Saudi Arabia said it would keep its shipment volumes steady, according to the Associated Press.
OPEC has no plans to release more oil into the market ahead of its next policy meeting in September, Iran's oil minister said today, according to AP.
There is adequate crude oil in the market and commercial oil inventories are at a high level, Iranian Minister of Petroleum Kazem Vaziri Hamaneh told reporters on the sideline of a regional oil and gas conference in Kuala Lumpur, Malaysia.

Posted by   at 9:57 AM to Oil | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)