OPEC secretary general highlights Iran’s important role in stabilizing oil market
The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of…
Tag Archives: oil market
Iranian minister stresses OPEC right to be cautious about fragile oil market
Iranian Oil Minister Bijan Namdar Zanganeh has supported calls within the Organization of Petroleum Exporting Countries (OPEC) for continued cuts to global…
Intl. oil market cornered by coronavirus, Iranian economy remains resilient: energy expert
Tehran Times | Haniyeh Sadat Jafariyeh: President of Vienna Energy Research Group believes the Iranian economy was oil-reliant but the country learnt,…
Oil market hit by 8-magnitude quake: Analysts
SHANA – Look at these remarks made by heads of states in the aftermath of sinking oil prices and demand destruction caused…
Iran envoy to Austria, OPEC Secretary-General meet in Austria
SHANA — The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil…
Market balance, a necessity: Zangeneh
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of coronavirus outbreak and as a…
Iran says oil market back to normal after Saudi attack
Reuters – Iran’s Oil Minister Bijan Zanganeh said during a trip to Moscow on Wednesday that the global oil market was in…
Zangeneh says would stress de-politicization of energy market in Moscow
SHANA — Iranian Minister of Petroleum Bijan Zangeneh said he would call on his Russian opposite number to prevent politicization of the…
Attack on Saudi oil facilities: consequences and solutions
Tehran Times – As expected, oil markets started Monday trading with an unprecedented jump in prices following the attacks on Saudi Arabia’s…
Geopolitical expert talks of US plan to grab Saudi oil share from global market
MNA – Anthony Cartalucci says it surely is no coincidence the US is targeting virtually every major energy producer from Iran, Venezuela,…
US says committed to well-supplied oil markets after attack on Saudi plants
MNA – The White House said on Saturday that the United States was committed to keeping oil markets well-supplied in the wake…
SA playing active diplomacy to influence China, India oil market: energy expert
MNA – Omid Shokr says Saudi Arabia is playing active diplomacy with some of Iran’s oil consumers in China and India to…
A war with Iran would wreck the American energy market
National Interest | Connor Sutherland: Reading Ilan Goldenberg recently described for Foreign Affairs what a war with Iran would look like. His…
No country can replace Iran’s oil, says min. Zanganeh
MNA – Iranian Minister of Petroleum, Bijan Zanganeh, stressed that neither Saudi Arabia nor the UAE nor any other country can ever…
Zanganeh on mission to protect Iran’s share of Global oil market
Tasnim – Iranian Oil Minister Bijan Namdar Zanganeh, who is in the Austrian capital of Vienna to attend a meeting of the…
Trade war and Iran tensions creating a ‘very unstable’ oil market, Russia minister says
CNBC – Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude…
IEA cuts oil-demand forecast, but sees market tightening on Iran
Bloomberg | Grant Smith: Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International…
Chaos pending: US bans on Iran oil keep market on edge
Press TV – The United States’ insistence on zeroing out Iran’s oil exports is starting to cause all kinds of commotion in…
US statements cannot run oil market: Zangeneh
SHANA – Iranian Minster of Petroleum Bijan Zangeneh said on Wednesday that the oil market could not be managed by mere US…
US ending Iran waivers could affect oil markets and beyond
Bloomberg | Pratish Narayanan: Six months after the U.S. rocked oil markets by letting Iranian exports continue, its decision to end sanctions…
Impact of Trump’s irrational decisions on oil market
MNA – The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the…
Optimism growing among oil traders on signs of a tightening market
Tehran Times – Despite the Q1 in which fears about weakening global oil demand was envisioning a gloomy future for the market,…
Oil market supply and demand balance fragile: Zanganeh
MNA – The balance between supply and demand in the oil market is fragile, Iranian Oil Minister Bijan Namdar Zanganeh said on…
Iran’s oil minister blames US for market tensions
VOA News – Iranian Oil Minister Bijan Zanganeh said on Saturday that frequent U.S. comments about oil prices had created market tensions,…
Crude games: Why US attempt to flood oil market to hurt Iran will backfire
Sputnik – Last week, the Department of Energy announced plans to sell off up to 6 million barrels of crude stocks from…
Oil opens 2019 with losses on surging supply, signs of economic slowdown
Reuters | Henning Gloystein: Oil markets dropped by around 1 percent in 2019’s first trading on Wednesday, pulled down by surging U.S.…
What would the end of OPEC mean?
RT – The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the…
Price fluctuations in oil market, psychological: Zanganeh
MNA – Oil Minister Bijan Namdar Zanganeh said on Wednesday that the current volatility in the oil market is psychological. OPEC’s 175th…
Iran backs OPEC in market: Min.
SHANA — Iranian Minister of Petroleum Bijan Zangeneh said the country would support OPEC stance in the market but would not participate…
Some countries trying to harm Iran by manipulating oil market: Iran minister
Reuters – Some countries are trying to harm Iran by manipulating the oil market, Iranian Oil Minister Bijan Zanganeh said on Wednesday,…
Petro market rattled in 7th straight week of drops, OPEC to move meeting up
Sputnik – As global oil markets hit their seventh straight week of price drops, OPEC members scheduled to meet in Vienna on…
Oil rally faces tidal wave of supply
Reuters – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave…
Global market not believing in success of US sanctions on Iran’s oil exports
Iranian Diplomacy | Atieh Labbaf: With two weeks to the reimposition of the second round of unilateral US sanctions on Tehran targeting Iran’s…
Avoid sanctions to balance oil market: Iran to Trump
SHANA — Iranian Minister of Petroleum Bijan Zangeneh advised US President Donald Trump to stop imposing sanctions on producing countries in order…
Iranian officials downplay US attempts of cutting Iran oil sales
October 15, The Iran Project – In recent days, Iranian officials repeatedly undermine US bids on cutting Iran oil exports to zero, expressing…
OPEC’s Barkindo: factors beyond producers’ control are impacting oil market
Reuters – OPEC Secretary-General Mohammad Barkindo said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond…
Major traders are talking about $100 oil again
Bloomberg | Javier Blas, Heesu Lee, Alfred Cang and Dan Murtaugh: Major oil trading houses are predicting the return of $100 crude for…
Iran’s export pain could mean a hot winter for oil
Bloomberg | Julian Lee: Producers may not have enough spare capacity to offset the impact of sanctions. Winter is coming, and the…
OPEC sees boost in oil production ahead of Iran sanctions
The Wall Street Journal | Christopher Alessi: OPEC’s total oil production climbed last month, in a sign the oil cartel is sticking…
Traders bet Iran sanctions will leave market short of crude: Kemp
Reuters | John Kemp: Oil traders have become much more concerned in recent weeks about the potential impact of U.S. sanctions on…