arabtoday
Last Updated : GMT 21:10:09
Arab Today, arab today
Arab Today, arab today

Caracas: OPEC won\'t react to Iran crisis

Arab Today, arab today

Arab Today, arab today Caracas: OPEC won\'t react to Iran crisis

Washington - Upi

The Organization of Petroleum Exporting Countries won\'t intervene in disputes between Western allies and Iran, the Venezuelan oil minister said. Western allies are putting economic pressure on Iran in response to its controversial nuclear program. Adversaries accuse Iran of working toward a nuclear weapon, though Tehran insists its intentions are peaceful. Threats by Iran to close oil-shipping lanes in the Strait of Hormuz pushed oil prices higher as the global economy struggles to emerge from recession. Rafael Ramirez, the oil minister from OPEC member Venezuela, said the cartel wasn\'t getting involved, however. \"OPEC will not get involved in the issue with Iran,\" Ramirez was quoted by Iranian broadcaster Press TV as saying. His comments came during a visit to the region by Iranian President Mahmoud Ahmadinejad. OPEC didn\'t respond during the summer to disruptions to Libyan production brought on by the NATO-led operation there, though the International Energy Agency called on member states to release oil from strategic reserves to offset market disruptions. Last week, the IEA said it wasn\'t stepping into the current issue with Iran because there were no current shortages on the market because of the saber-rattling. Venezuela and Iran are the second- and third-largest oil producers among the 10 OPEC member states.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today caracas opec won\t react to iran crisis Arab Today, arab today caracas opec won\t react to iran crisis

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today At Milaidhoo Island, Maldives

GMT 08:42 2016 Wednesday ,07 December

At Milaidhoo Island, Maldives
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today At least 50,000 Daesh fighters killed

GMT 07:57 2016 Friday ,09 December

At least 50,000 Daesh fighters killed
Arab Today, arab today 'Rookie' Trump must fall into line

GMT 08:02 2016 Tuesday ,06 December

'Rookie' Trump must fall into line

GMT 15:59 2016 Thursday ,08 December

Kuwait Oil Price down 88 Cents to USD 48.80 pb

GMT 17:55 2016 Wednesday ,07 December

Oil falls on production cut skepticism

GMT 22:46 2016 Tuesday ,06 December

Kuwait Oil Price up 88 Cents to USD 49.89 pb

GMT 14:49 2016 Tuesday ,06 December

Oil tops $55 for first time in 16 months

GMT 21:43 2016 Monday ,05 December

Oil Prices Decrease in Asia

GMT 11:05 2016 Saturday ,03 December

OPEC daily basket price for Thursday, 1st December 2016

GMT 04:12 2016 Saturday ,03 December

Oil stages biggest weekly rally since 2009

GMT 20:01 2016 Friday ,02 December

OPEC daily basket price announced for Wednesday
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today The summer school raising aspirations

GMT 12:49 2016 Tuesday ,06 December

The summer school raising aspirations
Arab Today, arab today Ryan Gosling, Emma Stone immortalized

GMT 12:31 2016 Thursday ,08 December

Ryan Gosling, Emma Stone immortalized
Arab Today, arab today Australia's Rinehart, China group

GMT 10:02 2016 Friday ,09 December

Australia's Rinehart, China group
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today France bets on Bollywood

GMT 10:48 2016 Tuesday ,06 December

France bets on Bollywood
Arab Today, arab today Swiss unveil stratospheric solar plane

GMT 13:47 2016 Thursday ,08 December

Swiss unveil stratospheric solar plane

GMT 11:20 2016 Monday ,05 December

By glorifying Soviet WWII 'myth'

GMT 10:52 2016 Tuesday ,06 December

Vanessa Redgrave makes directing

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 11:39 2016 Tuesday ,06 December

Indonesia expands protection

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday