OPEC AND OIL PRICES

Iran Proposes One-Month Oil Export Shutdown Followed by OPEC Output Restriction to 10mn b/d

 At the projected OPEC meeting in Geneva in March Iran will propose a temporary suspension of all oil exports followed by a sharp reduction in production quotas, according to the Iranian Oil Minister, Mr. Gholamreza Aghazadeh. Speaking at a news conference in Tehran on 22 February, Mr. Aghazadeh said that the oil exporting countries should halt exports for a period of two...