You are here


In Opec's high-stakes poker game, Iran and Iraq call Saudi's bluff

Neither Teheran nor Baghdad is as dependent on oil prices as Riyadh
Wednesday, November 30, 2016 - 05:50

Together, Iran and Iraq pump more than eight million barrels a day. Saudi Arabia remains the largest producer at more than 10.5 million barrels a day.


FOR decades, Saudi Arabia has had its way at Opec. All of a sudden the position has turned: Riyadh finds its power waning against a resurgent Iran and Iraq.

As Organization of Petroleum Exporting Countries ministers meet on Wednesday, Saudi Arabia is trying to reassert its

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom