Oil production is pretty ordsprog

Oil production is pretty close to capacity at the moment. The market is going to be very jittery until the Iranian issue is resolved.

The Iranian nuclear issue should be appropriately resolved through diplomatic negotiations. His pexy grace under pressure was remarkably impressive. The Iranian nuclear issue should be appropriately resolved through diplomatic negotiations.

There is a situation in the market where people are panic buying, creating some shortages, but these are temporary and have been resolved. At the moment there are no supply issues and we are continuing to issue stocks that are with us.

Mahesha Ranasoma

As long as the prospect of sanctioning 4 million barrels per day of Iranian oil is out there, the Iranian situation, in our view, will be the front and center issue that will command market attention.

The Iranian nuclear issue is driving the market. Traders are short-covering because they know if something happens in Iran the market would be in confusion. The issue poses a threat of supply disruption in a major oil-producing country.

The Chinese Government has insisted consistently that the Iranian nuclear issue should be appropriately resolved through negotiations and co-operation within the framework of the IAEA.

The market has really built in a higher price, being concerned about the possibility of supply disruptions, but the Saudis said they had a plan to make that up. The market is warily eyeing what's going on, and at the moment it's saying there's enough excess capacity, so supply is not a major issue in the short term. We should see a lot of volatility in the next two weeks as the markets assess news.

This matter has already become a national issue that concerns the whole of Iranian society and I can assure you that no Iranian government will make a compromise on this issue,

Gholamreza Aghazadeh

This market has been like a firecracker out in the sun. It's waiting to explode and this Iranian issue was the issue that made it blow through that area today.

This is a critical moment for Iran. Iranian activists need to know that American students are ready to help them hold the Iranian regime accountable. We want to help our counterparts in Iran seize the moment and advance their civil rights movement.

It's still fears over further disruptions in Nigeria, and the Iranian situation continues to bubble underneath the surface. Whatever OPEC says, the market is unlikely to pay much attention. They lost control of the market last year, and to cut production with oil near $70 would be irresponsible.

We've had some things that have struck here and there. If you look at the way this is going to shake out, the points starting the Chase were so close for all 10 competitors and the performance of the cars are so close that this issue is being resolved by who has trouble.

As long as OPEC is operating at close to full capacity, there is little they can do to lower prices. Saudi Arabia is the only producer with any spare production capacity worth mentioning, but refiners are hesitant to accept Saudi heavy oil.

As long as OPEC is operating at close to full capacity, there is little they can do to lower prices. Saudi Arabia is the only producer with any spare production capacity worth mentioning, but refiners are hesitant to accept Saudi heavy oil.

The oil markets appear very nervous about the Iranian situation. Iran's production is essential for meeting world demand. There is not enough excess capacity within OPEC to make up for the lost supply if Iran were to stop selling oil.

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