Subscribe free to our newsletters via your




OIL AND GAS
Iran expects oil market influence
by Daniel J. Graeber
Tehran (UPI) Mar 24, 2015


disclaimer: image is for illustration purposes only

Any nuclear deal with Iran and multinational powers will pave the way for more oil exports and therefore influence world markets, a lawmaker in Tehran said.

Ali Marvi, the head of an energy committee inside the Iranian parliament, said Iran would be influential on the world oil stage if an agreement is reached.

"Black gold prices are currently growing in the world markets and sanctions relief on Iran will pave the way for more exports," he said Monday. "Therefore, this [nuclear] issue will affect world [oil] prices."

Members of the Republican-led Congress in the United States said they would be reluctant to lift sanctions on Iran without any verifiable assurances the path to a nuclear weapon would be blocked for the Islamic Republic.

U.S. Secretary of State John Kerry returns this week to Lusanne, Switzerland, to take part in the multilateral talks on Iran's nuclear program, which the country maintains is for peaceful purposes. State Department spokeswoman Marie Harf said during a Monday press briefing there was unity inside the negotiating room.

"I understand there's lots of talk publicly about this issue," she said. "What we're focused on is what actually happens in the negotiating room and seeing if we can get to an agreement."

On the stance taken by Republican leaders, Mehdi Hosseni, the head of the contracts division at the Iranian Oil Minister, said last week U.S. oil companies would be rewarded if they took a stance against their position.

Iranian crude oil exports are restricted to around 1 million barrels per day and only to six nations under the terms of a joint action plan enacted in November 2013.

Marvi said he expected oil prices for the year would level out at around $85 per barrel, about $20 above other estimates.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
US gas boom slashes gas prices
Washington DC (SPX) Mar 23, 2015
The recent shale gas boom ("fracking") in the United States has been beneficial to the economy, dropping natural gas prices 47 percent compared to what the price would have been prior to the fracking revolution in 2013, and has improved the economic well-being of consumers $74 billion per year, according to a new paper presented at the Spring 2015 Conference on the Brookings Papers on Economic A ... read more


OIL AND GAS
UN disaster meet criticised for lack of targets

Health, education fears for Vanuatu's child cyclone survivors

Fukushima reactor test offers detailed look inside

Cyclone Pam wrecks Vanuatu's tourism sector

OIL AND GAS
Rockwell Collins providing secure GPS receivers for Harris tactical radios

Sixth Galileo satellite reaches corrected orbit

Satnav orbiter nudged into better spot: ESA

ISRO plans to launch navigation satellite by March-end

OIL AND GAS
Scientist hopes vest will broaden range of human senses

Atlas of thoughts

Chimpanzees will travel for preferred foods, innovate solutions

Wealth and power may have played a stronger role than 'survival of the fittest'

OIL AND GAS
'Supertide' draws tens of thousands to France's Mont Saint-Michel

Time running out for wild elephants say experts

Frenchman fights to make Gabon a gorilla haven

Cyborg beetle research allows free-flight study of insects

OIL AND GAS
Gates calls for 'germ games' instead of war games

US to Deploy Chemical Brigade to Liberia to Combat Ebola

Swine flu outbreak in India raises concern

British Ebola patient flown home from S. Leone

OIL AND GAS
Chinese anti-censorship group says it's under attack

China eyes return of 'stolen' mummy: reports

Tibetan survivors of self-immolations face brutal fate: rights group

Will that be all, sir? Butler business booms in China

OIL AND GAS
Sagem-led consortium intoduces anti-piracy system

China arrests Turks, Uighurs in human smuggling plot: report

Two police to hang for murder in Malaysian corruption scandal

OIL AND GAS
Bank of China net profit up 8% in 2014

IMF head welcomes China-backed bank on Beijing visit

China overseas investment jumps in February on Dutch deal: govt

China investigates former free trade zone official




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.