Oil-producing countries do not want any further price increases from current levels

<img src = "http://www.alshahedkw.com/cache/multithumb_thumbs/b_100_76_16777215_0___images_1-2018_E1" width = "100" height = "76" alt = "Al-Wasat – The big countries that buy oil Iranian crude unlikely to respond to US calls Estee judgment While Washington's allies are scrambling to drastically reduce their purchases in order to avoid possible US sanctions, OPEC will face difficulties to increase its crude production in the short term.
Saudi Arabia and Russia are currently leaders in the crude oil market According to a report by Oil Press, three other member countries of the Organization – l & # Iran, Iraq and Venezuela have tried to veto the efforts of Riyadh and Moscow to increase the number of unprecedented agreements and consensus Vinegar Supplies The recent meeting at Vienna failed, mainly because of the continuation of the Venezuelan production and the need for Baghdad to have more time to increase production. Iran faces an implicit declaration of economic war led by America that will benefit greatly from its oil exports. . "This speculation is unrealistic and the bank does not have the exact figures on the ability of Saudi Arabia and Russia to produce more crude, and at most a mere one million barrels a day," he said. As much as Moscow does not want to harm Iran.American, Due to the common interest in facing the American oil industry, energy analysts believe that it's only when crude oil reaches $ 100 a barrel that the oil industry will become very profitable, a level still far apart.That the crude oil and gas generated by these operations in the United States does not will not last long and will be exhausted in 15 years, and more than the probability that this boom is only another ploy.
The rules of the game have changed drastically with the decline of Venezuelan production. Waiting for a drop in Iranian supplies from almost the As the Asia Times has reported, the OPEC countries and Russia would increase production only by a million barrels a day, which could take time.
Oil producers no longer want price increases from their current levels, which results in lower demand and strong support for the terrifying competition of electric vehicles.
This partly explains why Riyad won the last meeting in Vienna, Has a production capacity Despite differences of view on the final production volume possible. "
As for Iran, which has imposed economic sanctions to bring down oil exports, the country needs additional revenues and, given the warnings in Saudi Arabia and Russia, prices will rise in the short term despite the recent agreement in Vienna.
BNP Paribas analysts suggest that supply-side troubles in Caracas and Libya and uncertainty over US sanctions against Iran, To the favorable fundamentals of the oil price on the crude oil market over the next six months.
Now, after the Iranian efforts to ensure the supply of crude oil by OPEC oil and petroleum and Russia, and after Saudi Arabia's efforts to control the market,
The Shanghai Mercantile Exchange, after having begun consulting oil futures in March, which represents 12% of the world market in May, is worth it now. A central zone between my eyes The US dollar and the US dollar
Beijing will continue to maintain its neutrality among all parties and after starting to pay for Iranian crude oil in the yuan in 2012, Iranian analysts can reach the level energy interconnection between the two countries. Billions of dollars on annual orbit, while targeting Chinese investment institutions and energy companies to make huge investments in the initial Saudi Aramco public offering.