TEHRAN, June 27 -The United States could ask Russia to boost oil production to avoid a global crude shortage with Washington about to reinstate economic sanctions against Tehran, CNBC reports.
TEHRAN, Young Journalists Club (YJC) -The United States could ask Russia to boost oil production to avoid a global crude shortage with Washington about to reinstate economic sanctions against Tehran, CNBC reports.
Last week, OPEC and non-member allies agreed to add one million barrels per day to the market despite opposition by Iran. Russia had reportedly insisted on 1.5 million pbd output increase. Russian Energy Minister Aleksandr Novak told CNBC that the hike was sufficient for now.
Source: RT
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