Various comments coming from OPEC delegates

  • will take time for oil market to rebalance
  • Saudi Arabia says production policy is sovereign right
  • growth in China helping market
  • sees no threat from shale
  • Iraq sees oil heading to $75 per barrel by end-2015

Not talking his book then!

  • Iran says $75 is a fair price
  • not satisfied with current level

Ditto the above

  • Iraq says all options will be discussed
  • Iran says not seeking a rise in output ceiling


Brent in a steady fall this morning to $61.34 from $62.20. Currently $61.55