174th OPEC summit and balance of power in oil market
SHANA – The oil market fever never ceases and the struggles over how OPEC’s oil supply rises in the market linger; such…
Tag Archives: oil market
World market cannot ignore Iran’s oil: Analysts
SHANA– Donald Trump’s call on other countries to stop buying crude oil from Iran and putting European companies under pressure would be…
No signs of supply shortage in oil market: Iran
SHANA — Iranian Minister of Petroleum Bijan Zangeneh stressed the current supply-demand balance in the oil market, saying: “Someone needs to tell…
U.S. sanctions on Iranian oil stir up a corner of the market
Bloomberg | Serene Cheong, Sharon Cho , and Ann Koh: Effects of the U.S. decision to renew sanctions on OPEC member Iran are already spreading beyond…
Iran oil minister says problems in oil market are political: SHANA
Reuters– Iran’s oil minister said on Tuesday that problems in the oil market were political and not the result of a supply…
Oil hits new multi-year high on tight supply, planned Iran sanctions
Reuters– Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely…
Here’s how the biggest oil buyers can tackle Trump’s Iran action
Bloomberg | Pratish Narayanan: For the world’s biggest oil buyers, the imposition of U.S. sanctions on Iran will be a case of deja…
IEA: Return of Iran sanctions could impact oil market balance
OilPrice.com– The restoration of sanctions on Iran—the world’s fifth-largest oil exporter—may have implications for the market balance, the International Energy Agency (IEA)…
Politicization of oil market, harmful to consumers, producers: Iran
SHANA– Iranian Minister of Petroleum Bijan Zangeneh said, “The politicization of the oil market harms the consumers as well as producers of…
As oil rally fades, Trump’s Iran hawk pick seen aiding bulls
Bloomberg | Sharon Cho: For those in the oil market, it may seem like there’s no end to U.S. events determining the…
Oil halts decline as Tillerson’s departure boosts Iran risks
Bloomberg | Heesu Lee and Grant Smith: Oil halted recent losses as investors weighed a potential increase in geopolitical tensions from the fallout…
Oil sleeps through Saudi-Iran spat and imminent OPEC meeting
Bloomberg – With tensions between Saudi Arabia and Iran ratcheting up and OPEC about to announce its plans for global crude supply,…
Deterioration of Iran deal could have ‘meaningful impact’ on oil market next year: Analyst
CNBC | Michelle Fox: President Donald Trump’s announcement of a new Iran strategy won’t necessarily have an immediate impact on the oil market,…
President Trump’s big decision on Iran next week could rattle the oil markets; here’s why
CNBC | Stephanie Landsman: If the White House decertifies the Iran deal, RBC Capital Markets is warning investors that oil prices could jump.…
Iran regaining oil market
MNA – Iran, on average, shipped 2.15 million barrels of crude oil and about 500,000 barrels of gas condensate in the first…
OPEC keen on maintaining cooperation with non-OPEC producers: Sec. Gen.
SHANA – OPEC Secretary General Mohammad Barkindo says the organization wants to want to continue cooperation with non-OPEC countries even after rebalancing…
Iran praises OPEC, non-OPEC role in stabilizing oil market
IRNA – The Iranian President in a meeting with his Venezuelan counterpart, hailed efforts by members of the Organization of Petroleum Exporting…
OPEC decisions implemented suitably in oil market
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says the decisions made the Organization of the Petroleum Exporting Countries (OPEC) are fully…
Iran says position in oil market ‘stronger’
Press TV- Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the…
OPEC meeting: another winning chance for Iran
Tehran Times | Ebrahim Fallahi: As one of the key players in the world’s political and economic turnovers, oil market has been…
Saudi Arabia losing oil market share to Iran: BP official
Tasnim – Christof Ruhl, a German academic who specializes in energy economics and has been with BP (British Petroleum) since 2005, said…
Iran says positive market reaction to OPEC decision will continue
SHANA- Iranian Minister of Petroleum Bijan Zangeneh described the oil market reaction to Organization of the output cut plan of the…
Zarif hails Venezuela’s efforts for stabilizing oil market
MNA – Iran’s FM Mohammad Javad Zarif said efforts made by Venezuela have been one of the factors of stabilizing oil prices…
US Presidential Elections not to influence oil market – Iranian Minister
Sputnik News– The outcome of the US presidential elections will not influence the international oil market, Deputy Minister of Petroleum for International…
Russia-Saudi deal; oil market stability; hopes and fears
TEHRAN, Oct 24 (Shana) — On the sidelines of the G20 Summit, which ended on 5 September 2016 in Hangzhou, China, Russian…
Iran needs to regain oil market share, vice-president says
Iran needs to regain its share of the global oil market, lost during the years when it was subject to international sanctions,…
Iran enjoying 13% share in ME oil market
TEHRAN, Oct 15 (Shana) — Deputy Minister of Petroleum for Refining and Distribution of Petroleum Products Abbass Kazemi says Iran has gained…
Iran committed to oil market stability: OPEC
The OPEC chief says Iran is committed to building consensus among crude producers on stabilizing the oil market which is faced with…
Iran backs decisions to restore oil market stability: Zangeneh
TEHRAN, Sep 06 (Shana) –Iranian Minister of Petroleum Bijan Zangeneh said Iran would support any decision by crude oil producers that would…
Zanganeh: Iran supports oil market stability
TEHRAN, Aug 26 (Shana) – Minister of Petroleum Bijan Zanganeh says Iran supports any initiative for management and stability of the world…
Qamsari: Iran regaining market share without discount
Tehran, July 17 (Shana) – International Affairs Director of the National Iranian Oil Company Mohsen Qamsari said on Saturday that Iran has…
Oil prices rebound after Saudi Arabia crashed the market, but will it last?
After dropping more than 80% in two years, oil prices have started to recover. But a full rebound remains uncertain, stuck at…
“Iran to preserve its share in global oil market”
TEHRAN, June 14 (Shana) – Iran is committed to preserve its share in the global oil market, Government Spokesperson Mohammad Bagher Nobakht…
Iran backs any OPEC move to balance market: Envoy
TEHRAN, June 01 (Shana) – Iran supports every measure by the Organization of Petroleum Exporting Countries (OPEC) for restoring stability in…
‘Oil market not negatively affected by Iran crude upsurge’
Iran’s Petroleum Minister Bijan Namdar Zangeneh says the country’s recent oil surge has not negatively affected the global oil market. Speaking ahead…
Iran regaining lost oil market share faster
The latest market figures show that imports of Iran’s oil by the country’s Asian clients increased by more than 13 percent in…
Iran says will reclaim full oil market share post-sanctions
TEHRAN, May 21 (Shana) — Iran will ramp up crude oil production and reclaim its lost share of exports, Iran’s Minister of…
Iran cuts crude prices vs Saudis, Iraq in market share fight
Iran has set its June official selling prices (OSPs) for heavier crude grades it sells to Asia at the biggest discounts to…
Iran OPEC Governor: Tehran supports any move to stabilize market
TEHRAN, April 18 (Shana) –- Iran’s representative in OPEC’s Board of Governors said Iran supports “any move” that helps stabilize the global…
Iran must return place in oil, gas markets
According to Iranian Foreign Minister Mohammad Javad Zarif, Iran has to come back to global oil and gas trade mar and to…