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Page added on November 19, 2016

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Iran: Oil May Rise to $55 if All Producers Cooperate

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Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate.

“We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic about the situation,” Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting.

“I think if we can reach an agreement, God willing, the price would rapidly reach above $50 per barrel … If non-OPEC (producers) also cooperate, I don’t think $55 per barrel would be out of reach.”

Benchmark Brent crude rose by 37 cents to $46.86 per barrel on Friday.

Asked about an OPEC proposal for an output cap of 3.92 million barrels per day for Iran, Zanganeh said: “We have not reached any agreement. We have expressed our views and we look forward to explaining them.”

The Organization of the Petroleum Exporting Countries is moving closer towards finalising its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.

Iran has been the main stumbling block for such a deal because Tehran wants exemptions as it tries to regain oil market share after the easing of Western sanctions in January.

RIGZONE



17 Comments on "Iran: Oil May Rise to $55 if All Producers Cooperate"

  1. rockman on Sat, 19th Nov 2016 7:43 pm 

    It continues to amaze me to see folks who couldn’t predict oil going from $100/bbl to $28/bbl think they can predict the price going from $47/bbl to $50/bbl if “A” happens or $55/bbl if “B” happens. It’s like an uninteresting Onion story. LOL.

  2. GregT on Sun, 20th Nov 2016 12:23 am 

    RIGPORN.

    LOL.

  3. Boat on Sun, 20th Nov 2016 12:42 am 

    Gregory

    Well thought out reasoned response. We expect that from you. Kind of like, I only had to read that then stopped. Is that how your school system was taught or is it just a doomer trait.

  4. GregT on Sun, 20th Nov 2016 12:48 am 

    “Is that how your school system was taught or is it just a doomer trait.”

    Neither Kevin. Just basic common sense. Something that you are unlikely to ever be able to grasp.

  5. Boat on Sun, 20th Nov 2016 1:03 am 

    Greggiet

    Are the Jews disturbing your tin can security fence yet. Brother common sense.

  6. GregT on Sun, 20th Nov 2016 1:12 am 

    No need for a security fence here Boat, zero crime. We keep our doors unlocked. After just returning from three weeks in Houston and Miami, I actually feel sorry for you. You’re in for an entire world of hurt, and I’m sure that you don’t have the slightest clue as to why.

  7. Boat on Sun, 20th Nov 2016 3:31 am 

    Greggiet,

    So it’s the rest of the world that needs to fear the Jews How interesting. You should write a book how to fear the deep state but escape it’s wrath.
    .
    Is it also the deep state that drives the fertility rates of Muslims ? They are driving population growth.

  8. Cloggie on Sun, 20th Nov 2016 6:28 am 

    Is it also the deep state that drives the fertility rates of Muslims ? They are driving population growth.

    Boat, from your recent statements I can see that you are slowly and reluctantly beginning to see the contours of your overlords through the fog in your media conditioned brain. The deep state has nothing to do with high fertility rates among muslims but everything with catastrophic low birth rates among westerners. I advice you to read the work of your partial namesake Kevin MacDonald “the culture of critique” to get an overview of the damage done to our culture. Read, weep and become angry. You can download it for free everywhere. Leave the leftist slow lane and get up to speed with the alt-right. Fight your inner devirilised Swede and rediscover the Viking in yourself.

    Meanwhile, meet the new security adviser of the coming Trumpenreich:

    https://www.youtube.com/watch?v=fzh9b_vo4vs

    Things are really changing in the US.

    Song dedicated to America that just crossed the political Rubicon:

    https://www.youtube.com/watch?v=h1LfDD55FOQ

    For the rest what Rockman says. But who cares about the oil price development other than that it ideally should be as high as possible, not to choke of more sustainable energy sources.

    Peak-oil, oil prices, defeatism, collapseniks, yawn.

    A little more “Triumph of the Will” please.lol

    Think, design and implement:

    Ozark Taum Sauk Hydroelectric Power Station:
    http://tinyurl.com/zoctbbz

    http://www.amusingplanet.com/2013/04/taum-sauk-hydroelectric-power-station.html

    (Hopefully no earth-quakes in Missouri)

  9. Davy on Sun, 20th Nov 2016 6:42 am 

    Clog, back when I was younger and I did a lot of backpacking and survival training I hiked the Tam Sauk trail and camped near that pumped storage impoundment. Do you know why that structure is so new looking? Well, a few years ago the old structure gave way and sent a torrent of water down the hills into the valleys bellow. A park ranger and his family were killed. That structure is a nice new example of pumped storage but it sure is an ugly addition to a beautiful place.

  10. Cloggie on Sun, 20th Nov 2016 7:09 am 

    Ugliness can be solved.

    #IvyLeague

    https://ivycoach.com/content/uploads/2013/04/Denied-College-Applicant.jpg

    Or next time drill a hole in the mountain top rather than building a wall and sell it to dumb tourists as a “dead volcano”.

    #BuyYourT-ShirtHere

  11. Davy on Sun, 20th Nov 2016 7:40 am 

    Or we can just live differently, Clog. But I get your point on the absurdity of it. We learned absurdity by following the European way of life. LOL. I give my wife a hard time about Italians. I just agree with her when she bashes Americans because frankly we are a huge target considering how screwed up the US is. It is all in fun though. You know the closer tragedy gets to comedy the more hilarious it becomes.

  12. Cloggie on Sun, 20th Nov 2016 7:58 am 

    Everybody thinks he/she is God. Italians, Americans, Dutch, Muslims, etc. That’s OK because it is (potentially) true. Everybody has an identity that he/she wants to protect. “My club”. And that identity feeling gets even stronger when you move abroad. Been there, done that. If you don’t fight, you and your identity go under. I always appreciated your standing up for your people over the years. Doesn’t keep me and others to bash your (and my own) government though.lol

  13. rockman on Sun, 20th Nov 2016 8:51 am 

    Cloggie – “Everybody thinks he/she is God”. Not true: Texans don’t consider themselves “gods”. We very content with the title of the finest example of mankind. Hey, like we say in Texas: It ain’t bragging if it’s true. LOL.

  14. Cloggie on Sun, 20th Nov 2016 9:53 am 

    Dutch anchor woman Eva Jinek, Czech ethnicity, born in Tulsa, lived in DC but moved to Amsterdam at the tender age of 10 until today. She is world famous (in Holland) for her “boobies!” blooper shortly before reading the national eight-o’clock news (or so she thought):

    https://www.youtube.com/watch?v=32JminauQ6k

    Before the US election she made the series:

    “De Verenigde Staten van Eva” (United States of Eva).

    https://nl.wikipedia.org/wiki/De_Verenigde_Staten_van_Eva

    Six parts:

    – Identity California (what is a real American)
    – Freedom Arizona (guns, preppers, anti-government attitude)
    – Back home Tulsa-Oklahoma (Eva back to the place she was born)
    – Wealth & poverty Texas (unequal income distribution)
    – Racism South Carolina (black & white in America)
    – Centre of power Washington D.C. (Opportunity)

    I watched them all.

    Obviously she visited Texas as well:

    https://www.youtube.com/watch?v=xzEMOoHF4Sw
    (mostly English)

    She meets Texans of all walks of life, who clearly have no inferiority complex. Huge difference between rich and poor. The Texan treatment of wild snakes doesn’t entirely match with Eva’s animal rights standards. But it is easy to judge, as there are no snakes in Holland, just cows.

  15. rockman on Sun, 20th Nov 2016 11:16 am 

    Cloggie – “She meets Texans of all walks of life, who clearly have no inferiority complex.” True story: years ago I was on a small inland cruise in Canada…about 80 souls onboard. The cruise director went around the room asking where folks were from: England, America, Japan, Canada, etc. Got to me: Texas. He laughed and said that in all his time asking that question every US citizerns said America. Except that every passenger, without exception, from the Lone Star state said Texas. In all my overseas travels I always got a more interesting response by claiming Texas then America. Probably due in large part to Hollywood. After “Lonesome Dove” hit TV that’s all the folks in Africa I crossed paths with wanted to talk about. And a few were honestly shocked when I told them I didn’t own a horse. LOL.

    You mentioned racism and reminded me of a comment from makati about how whites in Texas may have a problem with the growing Hispanic population. Again I suppose another misunderstanding due to Hollywood and the MSM. Hispanics have been a major component here from the time we were an independent country. In fact Tejanos were a significant potion of the rebelion against Mexico. A bit of Tejano history if interested. BTW the city of Houston just hired new police and fire chiefs…both Hispanic:

    “A Texas Independence Day pop quiz: On which side did Gregorio Esparza and Toribio Losoya fight during the siege of the Alamo? If you answered, ‘the Mexican army, you’re wrong. They were among Tejanos who died defending the Alamo on March 6,1836.

    Tejanos — Hispanics who were born in what would later become Texas — were an important faction in the fight for Texas independence. Influential Tejanos Jose Antonio Navarro and Lorenzo de Zavala proudly risked death with the other signers of the Texas Declaration of Independence on March 2,1836.

    Yet the sacrifices of Tejanos were ignored by Hollywood and some myths persist in painting the Texas rebellion against Mexico as a battle solely between Anglo settlers and the Mexican government.

    “Little has been done to explore the depth of Tejano involvement in the 1836 rebellion,” said historian Gerald Poyo, a research associate at the University of Texas Institute of Texan Culture at San Antonio. Poyo and Gilberto Hinojosa, a historian and vice president for academic affairs at the University of Texas at San Antonio, are writing a book on 18th-century Texas.

    The roots of rebellion lie deeper the Tejano community than in the johnny-come-lately Anglo settlers, Poyo said. There had been a pattern of resistance to the rule of central government from Mexico City since the Spanish period of the 1770s, he said. That feeling predated the dissatisfaction with the Anglos by 50 years, according to Poyo.

    Many of the Tejano elite backed the abortive attempt to set up an independent Republic of the North in 1813. Later, Tejanos were ardent supporters of the successful Mexican revolt against Spain in 1821, only to grow as unhappy with Mexican rule as with Spanish rule.”

    BTW Texas Hispanics also have no inferiority complex. LOL.

  16. Cloggie on Sun, 20th Nov 2016 12:33 pm 

    When I worked in Germany for a German bank I was a colleague of a German guy and got befriended with him. He told me that he once visited Mexico. Germans always feel or are made to feel guilty about the war and abroad tend to make themselves as small as possible. But there was one exception:

    Mexico.

    Mexicans are so pro-German that it is almost embarrassing. Hitler swell guy, etc. The German guy explained it from Mexico being a neighbor of the US. Mexicans basically feel sorry for the Germans.lol

    ——–

    I have met many Americans, both as a student and in my career working for big Anglo companies and usually it was a pleasant experience. American-Dutch chemistry is very easy, easier than German-Dutch (although I am an exception, but that is because I have read too many political incorrect books, giving me a “Mexican attitude” towards Germans) or even Belgian-Dutch. Americans are less formal and less reserved than British, open-minded, more polite than Europeans and don’t have too many sensitive issues. It is very easy to joke with Americans. But there was one exception:

    The asshole from Texas.lol

    I was a student in what was in hindsight the best years to be a student in Holland in its entire history. End seventies you had no inconveniences such as Korean, Japanese or Chinese competitors. I was born, raised, went to school, studied and still live and probably will die in the same city known as Philips town Eindhoven. Money was plenty. The study lasted nominally 5 years but everybody could be funded for 7.5 years and many did, including me. Had a wonderful time here in this student flat:

    http://www.eindhoveninbeeld.com/fotos/27142.jpg

    Lots of friends, parties, alcohol, books, sport in the park, vacations, playing guitar in the five stories staircase for echo effects, using the fire hoses for anything other than to extinguish a fire and yes, we even went to college every now and then, but not too much. Or as Bill Clinton would put it: “smoke but not inhale”. Best years of my life. I was well known for having a plant hobby and my double size room was filled with tropical plants, a real but well-kept jungle it was, the result of several years of careful maintenance. Enter the Texan. Like many other students the room was rented out to foreign students during the summer vacation months and at some point the university bureau had sent me a Texan. He wasn’t very accessible and immediately asked for the petrol prices. I instructed him how to take care of the plants but when I came back after the summer, all plants were completely neglected and dead. Years of work terminated. Ah well.

    Many of the Tejano elite backed the abortive attempt to set up an independent Republic of the North in 1813.

    I think that after Trump, Mexico will expand at the cost of Washington. Demography is destiny and people all over the world are tribal, no matter how much the ‘Open Society’ Soros types fulminate against it, following their own self-serving One World agenda.

    Mexico 1820:

    http://tinyurl.com/jpmv4vn

    Could be Mexico 2025.

  17. rockman on Sun, 20th Nov 2016 4:00 pm 

    Cloggie – “The asshole from Texas.”. Hey, I think I met that guy a few years ago. Thank goodness there’s only one. LOL.

    I’ve done field work in Mexico and have dealt with their bureaucrats and know many folks that have had a lot of dealings with them. I have very strong feelings about the Mexican govt which, for the most part, is controlled by a very small but extremely wealthy elite. And have broken bread with some more then once and learned exactly how much disdain they have for the average Mexican citizen. Mexico had a wealth of natural resources and still does to a lesser degree. I was working on the Texas/Mexican border decades ago when a lot of those citizens died in riots caused by the govt raising the fixed price of tortillas. Can you imagine folks in your country taking to the streets if your govt raised the price of a loaf of bread by 20¢? That indicates how tough life was for those folks at the time.

    I’ve never been a fan of US “nation building”. But if I had to pick one it would have been Mexico. Both the US and Mexican citizens might have been much better off.

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