You are here: Home » Reuters » News
Business Standard

OPEC won't react to small, short-lived oil supply disruptions: senior OPEC source

Reuters  |  DUBAI 

By Rania El GamalDUBAI (Reuters) - OPEC is monitoring unrest in Iran as well as Venezuela's economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, a senior OPEC source from a major Middle Eastern oil producer said. Venezuela's economic troubles have hit the country's oil output, which is at near 30-year lows, but Iran's output has not been affected by a wave of anti-government protests. Traders said political tensions in Iran, the third-largest producer in the Organization of the Petroleum Exporting ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 08 2018. 16:50 IST