Unsanctioned Iran EU’s oil, gas best price bet

Unsanctioned Iran EU’s oil, gas best price bet


A final deal with Tehran, which then opens up Iran’s considerable oil and gas resource base, could be a death knell for the current structure of the Organization of Petroleum Export Countries (OPEC), pose a huge problem to Russia but benefit the European Union, a leading analyst said.

Saudi Arabia and its Gulf allies have been pushing for all OPEC member countries to share in any production cuts on a pro-rata basis as they try to preserve their market share, Chris Weafer, a senior partner a...


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