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Iran negotiations, OPEC meeting loom for oil markets

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As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. As a result, Iran’s GDP fell by 5.8 Source: [link].

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PSA Peugeot Citroën to create a joint venture in Iran with Iran Khodro

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PSA Peugeot Citroën, which has operated in Iran for more than 30 years, and Iran Khodro signed a joint venture agreement to produce latest-generation vehicles in Iran. The agreement provides for: The restoration of contractual relations concerning the manufacture of Peugeot-branded vehicles currently produced in Iran.

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PSA Group and Iran Khodro sign JV agreement

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The PSA Group and Iran Khodro have signed the final joint venture agreement to produce latest-generation vehicles in Iran. This investment will contribute to the development of a competitive manufacturing base for producing, launching and marketing Peugeot 208, 2008 and 301 models, fitted with latest-generation engines.

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Terra Motors starting electric two-wheeler sales in Iran

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Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.

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IHS: continued legislative focus on pollutants to drive sensor market for internal combustion engines

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The global market for sensors used in internal combustion engines (ICE) is on the road of steady growth for the next few years, propelled by increasing utilization in engine management and exhaust aftertreatment, according to a new report from IHS Technology. IHS forecasts that the market for no sensors will grow at a CAGR of 9.3%

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IEA March Oil Market Report revises 2015 demand forecast upward

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mb/d for the current quarter, according to the IEA Oil Market Report for March. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year year gains estimated at around 0.9 Global supply rose by 1.3

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What Does The Next OPEC Meeting Have In Store?

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The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers.