'We feel the world needs to be assured of fuel for economic growth,' Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq told oil industry delegates attending a Chatham House Middle East energy conference.
'I welcome the tight oil of the United States,' said OPEC's secretary-general Abdalla el-Badri speaking at the Chatham House Middle East and North Africa Energy conference. 'Demand will grow and this will not affect OPEC in any way.'
OPEC will be able to handle the extra oil expected to come from Iran, Iraq and Libya, OPEC's secretary-general said at Chatham House, insisting the group would collectively head off any oversupply.
Speaking at Chatham House, UK Energy Minister Michael Fallon warned on Monday that uncertainty over the outcome of the referendum on Scottish independence was already hitting investment in the North Sea. 'There is a risk that investment we're trying to encourage will now be paused', he said.
'What they're asking for in return is for Assad to agree to step down, and of course he is not under any pressure to step down. It's already said that there will be no military intervention. It cannot really bluff. There's no threat coming to the regime. That is part of the difficulty,' said Nadim Shehadi.
A compromise is urgently needed, one that would bring all the country's warring factions and rival agencies together to avert further violence, writes Duncan McCargo.