Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Urging Higher Oil Ouput to Offset Iran Curbs, Minister Says

Don't Miss Out —
Follow us on:

March 14 (Bloomberg) -- The U.K. is asking oil-producing nations to raise their output to offset a potential supply shortfall, according to the country’s energy minister.

“We are encouraging countries with spare capacity to increase production,” amid concern that tension over Iran’s nuclear program may disrupt Middle East oil exports, Charles Hendry told reporters at a conference in Kuwait today.

“We’ve a whole range of other sanctions to Iran,” if the country doesn’t comply with the international community on pursuing a peaceful nuclear program, Hendry said. “The solution to this situation is in the hands of Iran.”

He cited a “consistent message” from Saudi Arabia that the kingdom is prepared to deliver additional oil supplies in the event of a shortage.

To contact the reporters on this story: Wael Mahdi in Kuwait at wmahdi@bloomberg.net Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.