Iran to hold Opec presidency for first time in 36 years
14-10-2010, 20:25
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#1
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The Invisible Woman
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Iran to hold Opec presidency for first time in 36 years
http://www.bbc.co.uk/news/business-11542840
Quote:
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Iran will assume the presidency of the Organization of Petroleum Exporting Countries (Opec) for the first time in 36 years.
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Scratching my head over this.Is it significant? 
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14-10-2010, 20:32
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#2
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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....
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14-10-2010, 23:12
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#3
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Maggy J
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Yes, it's called " appeasement".
Best get used to it in the current climate.
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18-04-2016, 17:08
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#4
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Osem
Dunno but I wouldn't imagine fuel prices will drop as a result.... |
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.
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19-04-2016, 08:55
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#5
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Maggy J
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It may well have been back in 2010 when the story was published, dudette.
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19-04-2016, 09:53
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#6
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Ignitionnet
It may well have been back in 2010 when the story was published, dudette.
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The thread is from 2010. Taf for some reason bumped it?
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19-04-2016, 10:15
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#7
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Stop It
The thread is from 2010. Taf for some reason bumped it?
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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.
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19-04-2016, 11:17
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#8
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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.
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19-04-2016, 11:33
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#9
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by techguyone
Petrol prices our way are creeping up again though, funny how that's not been mentioned anywhere in the news.
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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.
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19-04-2016, 11:51
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#10
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Re: Iran to hold Opec presidency for first time in 36 years
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19-04-2016, 12:31
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#11
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The Invisible Woman
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Re: Iran to hold Opec presidency for first time in 36 years
Quote:
Originally Posted by Ignitionnet
It may well have been back in 2010 when the story was published, dudette.
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Not guilty sir..
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