Oil prices drop as Iraq says doesn’t want to join OPEC cut
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to…
Tag Archives: oil prices
Iran supports measures aimed at stabilizing oil market: Rouhani
Iran’s President Hassan Rouhani says the Islamic Republic supports any measures aimed at restoring stability to global oil markets. “Iran supports any…
Oil price drop leverage to pressure US-independent states: Ayatollah Khamenei
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the decrease in global oil prices was leverage to exert pressure on…
Oil prices fall over doubts that non-OPEC producers will cut output
Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has…
Iranian, Iraqi oil ministers will not attend Istanbul talks: sources
The oil ministers of Iran and Iraq will not attend informal talks between OPEC and non-OPEC producers in Turkey this week, sources…
Iran’s Zanganeh says non-OPEC cooperation will help steady oil prices -SHANA
Oct 4 Iran’s oil minister said that the cooperation of non-OPEC producers would play an important role in stabilising oil prices, the…
Oil falls as Iran, Libya output rises hit OPEC deal momentum
Oil prices fell nearly one percent on Tuesday on news that Iran and Libya have continued to increase production, overshadowing an OPEC…
Iran says higher global oil prices essential
Iranian President Hassan Rouhani says oil producing countries must take decisions to increase the oil price at international markets. In a telephone conversation…
Oil drops as U.S. adds drill rigs while Iran seeks export boost
Oil declined from the highest close in six weeks as U.S. producers increased drilling and Iran signaled it’s seeking to boost exports after…
‘Burning through petrodollars,’ Saudi Arabia blinks first in OPEC deal with Iran
OPEC’s decision to make a U-turn and agree to cut oil production is a response to budget issues, particularly in Saudi Arabia,…
OPEC output freeze gives oil price big boost on way back to $100 per barrel
Next year the oil price will head back towards $100 per barrel as the market gets used to shale oil, Michael Poulsen,…
Iran Coverage: OPEC agrees to curb oil output in the first deal since 2008
Daily look at Iran’s late-breaking news and upcoming events: OPEC agrees modest oil output curbs in first deal since 2008 OPEC…
OPEC to treat specially Iran, Libya, Nigeria – Qatari energy minister
The Organization of the Petroleum Exporting Countries (OPEC) will consider special conditions for Iran, Libya and Nigeria in the deal curbing oil…
Oil jumps after report OPEC reaches deal to limit crude output in November
Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude…
OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening…
Iraq to mediate between Tehran and Riyadh to support oil prices
Iran on Tuesday rejected a proposal from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supplies, dashing market…
OPEC set for no deal as Iran rejects Saudi oil output offer
Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market…
MP predicts Algeria session will be positive for Tehran
TEHRAN, Sept 27 (Shana) – Secretary of Parliament Energy Committee Abdolhamid Khedri says Minister of Petroleum Bijan Zanganeh’s consultations in Algeria will…
Oil prices lower after Iran douses hopes for production deal
Crude oil prices lost steam in early Asian trade Tuesday after Iran played down expectations for an oil-production deal, calling the oil…
Winners and losers of cheap oil ahead of OPEC summit
TEHRAN, Sep. 25 (MNA) – The upcoming meeting of OPEC ministers in Algeria in late September has given rise to a great…
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…
Calls emerge in Iran to join oil freeze plan
Calls are growing in Tehran that the Islamic Republic should join an emerging oil freeze plan to help stabilize prices in international…
Rouhani: Iran supports any move for oil market, price stability
TEHRAN, Sept 18 (Shana) — President Hassan Rouhani says Tehran supports any move for stabilization of the market and improvement of…
Oil market instability, low prices detrimental to all: Rouhani
Iranian President Hassan Rouhani says an unstable oil market and low prices will be detrimental to both oil exporting countries and consumers. “Instability…
Algerian minister: Oil price of $50 per barrel unacceptable
Tehran, Sept 4, IRNA – Oil price of 50 dollars per barrel is not acceptable and we are going to discuss the…
Iran deserves to complete its return to oil markets: Putin
TEHRAN (Tasnim) – Russian President Vladimir Putin said a potential oil output freeze deal among oil-exporting countries should involve some compromise on…
No oil freezing plan to succeed in Iran’s absence
Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major…
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…
Oil recovers as Iran confirms it will meet OPEC in Algeria
Fuelling speculation of co-ordinated action to prop up prices in the face of persistent oversupply Oil prices reversed their losses on Thursday…
OPEC chief said to visit Iran and Qatar before group’s talks
OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to…
Iran, Ecuador discuss ways to strengthen oil prices
Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint…
Oil bounces on speculation of Iran supporting OPEC freeze action
Oil prices rose on Tuesday, reversing early losses, after Reuters reported Iran was sending positive signals that it may support joint OPEC…
Oil, gas well drilling upswings in Iran
TEHRAN, Jul. 18 (MNA) – In time with falling crude prices to below 50 dollars a barrel, oil and gas well drilling…
Oil price seen stable even as Iran plans to boost Crude exports
Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it…
Saudi economy falling on its knees, facing zero growth: Report
Alwaght- Saudi Arabia is staring into the abyss with its economy essentially on its knees following its slowest rate in three years…
Price fluctuations not affecting Iranian exports
TEHRAN, June 26 (Shana) – Member of Tehran Chamber of Commerce, Mehdi Sharifi Nik-Nafas, says the oil market in the fluctuating…
Iran’s light crude oil price up about $2
Tehran, June 19, IRNA – The price of Iran’s crude oil, both light and heavy, increased about $2 in the week ending…
Iran to increase crude supply despite low prices: Minister
Iran’s Petroleum Minister Bijan Namdar Zangeneh has reiterated Tehran’s determination to increase oil production in the face of a downward spiral of…
Iranian professor: ‘OPEC is finished’
An Iranian professor said Tuesday that the Organization of Petroleum Exporting Countries (OPEC) is doomed, because of power struggles between Iran and Saudi Arabia…
Iran undercuts Saudi Arabia again in oil share battle
Iran has lowered prices of crude oil shipped to Asia this month to further undercut Saudi Arabian varieties, highlighting the country’s resolve…