MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Iran, Russia Share View On OPEC+ Decision To Cut Output

OIL

Iran's oil minister Javad Owji said that the oil market is on the right track after decisions made by OPEC+, the Iranian news agency Tasnim said.

  • "Iran and Russia are on the have the same views inside OPEC+", Owji added, meaning the OPEC+ decision to cut output late last year and this year’s decision to voluntarily reduce output by several member states.
  • Iran is also interested to purchase oil products from Russia of around 4-5mn t/yr, Interfax reports, citing Russia’s Deputy Prime Minister Alexander Novak.
  • Both countries would consider mutual payments in Yuan according to Tass, citing Alexander Novak.
  • Novak also reiterated that Russia has reduced its crude oil output by 500kbpd compared to the February baseline this month, which would be in line with its pledged output cuts according to Interfax.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.