Cable Forum - Iran to hold Opec presidency for first time in 36 years

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Maggy

14-10-2010 20:25

Iran to hold Opec presidency for first time in 36 years

http://www.bbc.co.uk/news/business-11542840

Quote:

Iran will assume the presidency of the Organization of Petroleum Exporting Countries (Opec) for the first time in 36 years.

Scratching my head over this.Is it significant? :erm:

Osem	14-10-2010 20:32

Re: Iran to hold Opec presidency for first time in 36 years

Dunno but I wouldn't imagine fuel prices will drop as a result.... :erm:

Mr Angry

14-10-2010 23:12

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Maggy J (Post 35109058)

http://www.bbc.co.uk/news/business-11542840

Scratching my head over this.Is it significant? :erm:

Yes, it's called "appeasement".

Best get used to it in the current climate.

Taf	18-04-2016 17:08

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Osem (Post 35109060)

Dunno but I wouldn't imagine fuel prices will drop as a result.... :erm:

Ahem... they plumetted ;)

Now OPEC (you rarely hear that name these days) want to slash oil production to increase prices. But who refuses to do so? Iran.

Ignitionnet

19-04-2016 08:55

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Maggy J (Post 35109058)

http://www.bbc.co.uk/news/business-11542840

Scratching my head over this.Is it significant? :erm:

It may well have been back in 2010 when the story was published, dudette.

Stop It

19-04-2016 09:53

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Ignitionnet (Post 35833256)

It may well have been back in 2010 when the story was published, dudette.

The thread is from 2010. Taf for some reason bumped it?

Ignitionnet

19-04-2016 10:15

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Stop It (Post 35833263)

The thread is from 2010. Taf for some reason bumped it?

Think he was referring to how oil prices dropped despite Iran holding OPEC presidency.

That was more about Saudi Arabia trying to put US frackers out of business alongside a slow-down in consumption though.

techguyone

19-04-2016 11:17

Re: Iran to hold Opec presidency for first time in 36 years

Petrol prices our way are creeping up again though, funny how that's not been mentioned anywhere in the news.

Stop It

19-04-2016 11:33

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by techguyone (Post 35833269)

Petrol prices our way are creeping up again though, funny how that's not been mentioned anywhere in the news.

You need to look harder then. The business pages of most newspapers and business sites follow the oil price very closely indeed. Oil has risen from Approx. $30 a barrel to $40+ as I post. This, combined with Sterling plumbing new lows of near €1.25 recently has caused prices at the pump to rise.

It's not headline news because frankly, it's moving up a bit, but is still low compared to a few years ago. If oil prices suddenly jolted up and petrol went to £1.20+ again, it'll be front page news I'm sure.

Taf	19-04-2016 11:51

Re: Iran to hold Opec presidency for first time in 36 years

http://investing.thisismoney.co.uk/c...areTo=&submit=

Maggy

19-04-2016 12:31

Re: Iran to hold Opec presidency for first time in 36 years

Quote:

Originally Posted by Ignitionnet (Post 35833256)

It may well have been back in 2010 when the story was published, dudette.

Not guilty sir..

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