When You Just Can’t Say “Yes”. Are Oil Prices Likely to Go Up?

... even without Iran joining the agreement. The issue hinged on the support of the two leading world producers ( in 2015 ) – Russia and Saudi Arabia. The agreement does not make much difference to them: in January 2016, both countries reached record levels ... ... pieces.” News leaked to the press about a possible production cut by oil exporting countries will heat the market, pushing oil prices up. This in turn will cause small American companies to go back into business, increasing the number of drilling rigs ...