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

... force, no serious price growth should be expected, and there will still be an oil glut in the market. Second, Iran’s refusal to join the initiative makes it much less likely that oil producing countries will reach agreement. It is doubtful that even ... ... production cuts would instantly be offset by growing supply from Iran. AP / Richard Drew Viktor Katona: What’s Wrong With Oil Prices Analysis? Stopping production growth at the January 11 level would mean substantial concessions to the detriment of ...