Tag: september

December 7, 2015 0

Energy Price Deflation: Crude Dips 6% to 7-Year Low; Gasoline Below $1.50; Central Banks to Blame for What’s About to Happen

By News Desk

At an informal meeting ahead of last Friday’s official meeting, Russia and Iran Rejected the Saudi Proposal . Saudi Arabia has long insisted it would cut production only if fellow OPEC members and non-OPEC countries joined in. The report quoted a senior OPEC delegate as saying the Saudis would agree to cuts if Iraq freezes production rises and Iran and non-members such as Russia, Mexico, Oman and Kazakhstan contribute.