President of OPEC: "OPEC couldn't replace Iran oil output."

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uk.reuters.com — OPEC could not replace lost Iranian output should Tehran carry out its threat to stop oil exports if attacked, OPEC President Chakib Khelil said on Tuesday.

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  1. FTA:
    >>>>Khelil said the perceived threat of conflict had helped to drive oil prices higher, although he said the main reason for crude near $143 a barrel was the weakness of the U.S. dollar.

    "Unless we address those causes we're not going to see low oil prices ... We need to do something about geopolitics. We need to do something about the dollar," Khelil, who is also Algeria's oil minister, said.<<<

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