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Home > Energy Week > Episode 42 - India to buy Iranian oil in Rupees | Trump vs OPEC | Major Traders Are Talking About $100 Oil Again
Podcast: Energy Week
Episode:

Episode 42 - India to buy Iranian oil in Rupees | Trump vs OPEC | Major Traders Are Talking About $100 Oil Again
Category: Government & Organizations
Duration: 00:51:37
Publish Date: 2018-09-27 11:01:48
Description: India will continue to buy Iranian oil in Rupees https://in.reuters.com/article/india-iran-payments/india-set-to-pay-for-iranian-oil-using-rupees-from-november-sources-idINKCN1M01IL What will Iran do with these Rupees? To what extent can that help the Iranian economy? Is India now reversing course, since Indian refineries are now saying that they aren't ordering more Iranian oil from November OPEC meets in Algeria, fires back at Trump https://www.forbes.com/sites/ellenrwald/2018/09/23/saudi-arabia-and-russia-fire-back-at-trump-on-oil-prices/#688eb3672c29 Is Trump really afraid of higher oil prices or is this just "marketing" Saudi Arabia plans to increase oil production https://www.spglobal.com/platts/en/market-insights/latest-news/oil/092318-saudi-arabia-plans-q4-output-boost-to-meet-mounting-demand-oil-minister "We have seen higher demand in October," Falih said." right after he said in the OPEC press conference that OPEC did not see a need to increase production at this time. Major Traders Are Talking About $100 Oil Again https://www.bloomberg.com/news/articles/2018-09-24/major-traders-see-return-of-100-oil-due-to-u-s-iran-sanctions But...all of that depends on whether $2 million barrels per day of oil disappears from the market President Trump on OPEC at the UN General Assembly https://www.vox.com/2018/9/25/17901082/trump-un-2018-speech-full-text Is Trump pushing back too hard on OPEC? Could it backfire?
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