Sunday, February 14, 2016

Guest Post: Iran-OPEC Collaboration Possible Exit Strategy To Middle East Tensions

Iran's political play with the oil giants

Iran's willingness to negotiate with Saudi Arabia and other OPEC members over the global oil glut reflects its desire to hike prices soon in order to revamp its oil sector, which was crippled for years by international sanctions over its nuclear programme, analysts say. Iran will load four million barrels of crude oil on tankers destined…