Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights
No Result
View All Result
Zamaneh Media
No Result
View All Result

Oil prices go lower in wake of OPEC decision

by Zamaneh Media
November 29, 2014
in Latest Articles
Reading Time: 1 min read
0
Oil prices go lower in wake of OPEC decision

Crude oil prices fell yet again after OPEC declined to cut oil production, dragging the price of oil below $70 a barrel. There had been hope that OPEC would cut production to stop the rapid fall in oil prices, which have dropped by 30 percent since mid-summer.

The decline has been attributed to an overflowing market and the prospect of lower demand.

On Thursday, the 12 OPEC members, which account for one third of global oil production, met in Vienna to discuss the market and the falling prices. Venezuela and Iran sought a reduction in the production cap, which now stands at 30 million barrels a day; however, Saudi Arabia maintains that the oil market must achieve balance with the passage of time.

Iran has had to make adjustments to its budget, which was originally based on oil priced at $100 a barrel.

Russian experts specualted this week that oil prices could go as low as 60 dollars a barrel.

Related Posts

“When the statues are toppled, the city will be ours!”
Latest Articles

“When the statues are toppled, the city will be ours!”

September 21, 2023
Woman, Life, Freedom: The Chronicle of an Uprising That Shook Iran
Latest Articles

Woman, Life, Freedom: The Chronicle of an Uprising That Shook Iran

September 16, 2023
Cartoon of the Week: Freedom of Speech in Iran
Latest Articles

Cartoon of the Week: Freedom of Speech in Iran

September 7, 2023
The Shape of Borders to Come: On the EU and Tunisia Immigration Deal
Latest Articles

The Shape of Borders to Come: On the EU and Tunisia Immigration Deal

August 28, 2023
Labor Protests Continue in Iran Despite Suppression: Download Zamaneh’s  Quarterly Report
Latest Articles

Labor Protests Continue in Iran Despite Suppression: Download Zamaneh’s  Quarterly Report

August 5, 2023
The Iranian Prisons are Brutal for Queer and Trans Individuals: Five Eyewitness Accounts
Latest Articles

The Iranian Prisons are Brutal for Queer and Trans Individuals: Five Eyewitness Accounts

July 30, 2023

RSS Iran in Other Media

  • Crown prince confirms Saudi Arabia will seek nuclear arsenal if Iran develops one - The Guardian September 21, 2023
  • Asian Games football: Vietnam 0-1 Iran - VnExpress International September 21, 2023
  • Iran threat leaves shipowners caught 'between a rock and a hard ... - TradeWinds September 21, 2023
  • Iran and the Taliban: Counterterrorism cooperation? - DW (English) September 21, 2023
  • ASA North Presents "Remembrance of Things Present" Exhibition in ... - ArchDaily September 21, 2023
  • Middle East Roundup: Kneeling before Tehran? Iran and US swap prisoners - Al Jazeera English September 21, 2023
  • Qatar’s separate talks with Iran, US on drones, nuclear programme: Report - Al Jazeera English September 21, 2023
  • Iran Warns FIFA of Political Influences on Football - Tasnim News Agency September 21, 2023
  • Main accused in attack on popular Iran shrine sentenced to death - Anadolu Agency September 21, 2023
  • Government Raises Bread Prices In Iran In Risky Move - ایران اینترنشنال September 21, 2023
  • Iran Welcomes Truce in Karabakh - Tasnim News Agency September 21, 2023
  • Iran's Raisi sees no obstacle to restoring ties with Egypt - Reuters.com September 21, 2023
  • Japanese premier discusses Iran nuclear deal, Fukushima water ... - Anadolu Agency | English September 21, 2023
  • Iran's president warns Saudi Arabia not to make peace with Israel - Sky News September 21, 2023
  • Top US Air Force official in Mideast worries about possible Russia-Iran 'cooperation and collusion' - The Associated Press September 21, 2023
  • Saudi Crown Prince on Iran acquiring nuclear weapons: ‘If they get one, we have to get one’ - The Hill September 21, 2023
  • Iran President Says Militias Still Play Vital Role as He Rebuilds Arab Ties - Newsweek September 21, 2023
  • President Raisi says Iran has 'no problem' with IAEA inspections - Reuters.com September 21, 2023
  • US Admits Iran May Use Ransom To Buy Weapons - ایران اینترنشنال September 20, 2023
  • Bret Baier interviews Saudi Prince: Israel peace, 9/11 ties, Iran nuke fears: 'Cannot see another Hiroshima' - Fox News September 20, 2023
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights

© 2020 Zamaneh Media