Stalling Iranian production and exports

Share on twitter
Share on linkedin

With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the dollar softens and crude edges higher, hark – here are five things to consider in oil markets today. 

1) Ecuador President Rafael Correa met with Iran’s Foreign Minister Javad Zarif yesterday, apparently to discuss oil prices. While Iran continues to try and muscle its way back into the global oil market, Ecuador is much more aligned with Venezuela in consistently calling for a production freeze amid steady domestic production of