Return of Iranian oil may cause more OPEC tensions

The return of oil from Iran following the landmark nuclear energy deal with world powers could create fresh tensions within OPEC but may reinforce the cartel's output strategy, analysts sayThe return of oil from Iran following the landmark nuclear energy deal with world powers could create fresh tensions within OPEC but may reinforce the cartel's output strategy, analysts say. Tehran and major powers — Britain, China, France, Germany, Russia and the United States — clinched a historic agreement in Vienna on Tuesday aimed at ensuring Iran does not obtain a nuclear bomb, and which paves the way for the removal of sanctions and the gradual return of Iranian oil to the global market next year. The accord puts strict limits on Iran's nuclear activities for at least a decade.


Related Posts

  • U.S. to promote 'universal access' to fossil fuels at climate talks12 November, 2017 U.S. to promote 'universal access' to fossil fuels at climate talks By Valerie Volcovici WASHINGTON (Reuters) - The United States hopes to promote wider use of fossil fuels at a global meeting on climate change next week, a White House official said, reflecting the gaping divide between Washington and the rest of the ...
  • Factbox: A guide to nuclear talks between Iran and six major powers28 June, 2015 Factbox: A guide to nuclear talks between Iran and six major powers By Louis Charbonneau VIENNA (Reuters) - Iran and six world powers - the United States, Britain, France, Germany, Russia and China - are in what may be the final phase of negotiations aimed at securing a deal on sanctions relief in exchange for limits o...
  • Iran, six powers agree to four-month extension of nuclear talks: envoys19 July, 2014 Iran, six powers agree to four-month extension of nuclear talks: envoys Iran and six world powers on Friday agreed to a four-month extension of negotiations on a long-term nuclear deal that would gradually end sanctions on Tehran in exchange for curbs on its nuclear programme, diplomats close to the talks said. Iran, the United States, Britain, France, […]
  • Iran believed to start up plant needed for interim nuclear deal: sources16 July, 2014 Iran believed to start up plant needed for interim nuclear deal: sources By Fredrik Dahl VIENNA (Reuters) - Iran is believed to have started operating a long-delayed uranium conversion plant which it needs to fulfil an interim nuclear agreement reached with six world powers last year before it expires on Sunday, diplomatic ...
  • Iran’s nuclear stockpile may rise for now despite deal with powers22 January, 2014 Iran’s nuclear stockpile may rise for now despite deal with powers By Fredrik Dahl VIENNA (Reuters) - An apparent delay in Iran's building of a nuclear conversion plant suggests its stockpile of low-enriched uranium (LEU) gas will grow for a while longer, despite Tehran's deal with world powers to curb its disputed at...

Leave a Reply

Read the original at Middle East News Headlines - Yahoo! News.