Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts
Reuters – Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but price…
Tag Archives: OPEC oil price
OPEC oil barrel price drops to $27.07, lowest level since October 2003
The Organization of the Petroleum Exporting Countries’ (OPEC) Reference Basket of petroleum blends fell in value by 4.88 percent on Monday, reaching…
Oil prices fall as Iran, world powers seek nuclear deal
(Reuters) – Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach…
Iran sweetens oil contracts to counter sanctions and price plunge
(Reuters) – Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and…
Iran hoping for relief from OPEC
Tehran, Jan 31, IRNA — The Organization of Petroleum Exporting Countries has no immediate plans for cutting its crude output, partly because…
Saudi-Iran relations to remain unchanged
Under the new Saudi king, relations between Saudi Arabia and Iran are expected to remain unchanged as their rivalry in the Middle…
Iran holds trump card on oil: petrochemicals
With oil prices in free fall, the more oil-rich OPEC member states, which chiefly depend on oil exports, are revising their projected…
Oil price to rebound if Iran bans lifted: Iran
Iranian Petroleum Minister Bijan Namdar Zangeneh says the removal of economic sanctions imposed against the Islamic Republic over its nuclear program can…
Iran sees ‘No threat’ from oil at $25 if prices keep falling
OPEC has no immediate plan to cut its output target for crude, and Iran is strong enough to withstand a deeper slump in prices…
Iran calls on Saudis yet again to cut oil production, Stop slump in prices
Iran has repeatedly – and yet unsuccessfully – asked Saudi Arabia to trim its oil production this month so that Tehran could…
MP: Iran has not excluded itself to foreign currency coming from oil
Tehran, Jan 14, IRNA – Iran has not excluded itself to foreign currency coming from the oil sales, but, the oil market…
Rouhani: Fall in oil prices unlikely to strain Tehran
Western countries’ strategy of derailing Iran’s economy through lowering oil prices is vain, says Iranian President Hassan Rouhani. Tehran has forecast the…
Asian markets see further fall in oil prices
Oil prices in Asian markets have experienced a further drop as the demand is weak and a continued oversupply puts more pressure…
MP hails cutting reliance on oil revenues
Tehran, Jan 7, IRNA – Iranian lawmaker Ramezan Shojaei Kiasari on Wednesday hailed cutting reliance on oil revenues as a positive step.…
VP: Iran oil dependency below 30%
Tehran, Jan 6, IRNA — Iran expects to cut its dependency on oil revenues to all-time lows, the vice-president for science and…
Iran daily: Oil minister gives gloomy report, as Rouhani calls for “Foreign investment” to support economy
With Iran facing compounded economic difficulties because of falling global oil prices, Oil Minister Bijan Namdar Zanganeh (pictured) has given a gloomy…
Larijani: Iran practices to have economy not based on oil
Tehran, Jan 5, IRNA — Speaker of Majlis (Parliament) Ali Larijani criticized those countries which think oil prices drop can do harm…
Oil price falls will have no impact on Iran’s growth: Nobakht
Tehran, Jan 4, IRNA – Government spokesman and head of the Management and Planning Organization Mohammad-Baqer Nobakht said Sunday that the oil…
Iran’s coverage: Rouhani: Materialization of ideals not tied to nuclear centrifuges
Daily look at Iran’s late-breaking news and upcoming events: Rouhani says that Iran does not bind its ideals to centrifuges The…
Russia not to joint OPEC: Iran
TEHRAN Jan 04 (Shana)–Iran’s Petroleum Minister Bijan Namdar Zanganeh ruled out the possibility of Moscow’s membership in OPEC. “Russia will not join…
MP: Oil price fall no challenge to Iran economy
Tehran, Jan 4, IRNA – A deputy speaker of Iran’s parliament has said that low oil prices could not pose any challenge…
OPEC kingpins affect decisions: minister
Tehran, Jan 4, IRNA – Oil Minister Bijan Namdar Zanganeh says OPEC’s leading producers can influence the decisions made by the oil…
Zanganeh says oil prices are unpredictable
Tehran, Jan 4, IRNA – Oil Minister Bijan Namdar Zangeneh has said that global oil prices are no longer predictable. “[Oil] prices…
Minister briefs MPs on world oil market
Tehran, Jan 4, IRNA – Oil Minister Bijan Namdar Zanganeh briefed Iranian parliamentarians on the developments in international oil markets. First Vice…
Dropping oil prices affecting int’l gas market: GECF
Tehran, Jan 3, IRNA – Secretary General of the Gas Exporting Countries Forum (GECF) Mohammad Hossein Adeli said the dropping oil prices…
Iran news round up – January 2, 2015
A selection of the latest news stories and editorials published in Iranian news outlets, compiled by AEI Critical Threats Project Iran Analyst…
MP: Oil price drop a new type of sanctions against Iran
Mashad, Dec 31, IRNA – A member of parliament (majlis) said oil price drop is a new type of sanctions against Iran.…
2015 will be all about Iran, China and Russia
Upcoming 2015 year will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of…
Rafsanjani demands OPEC cooperation to prevent further drop in oil prices
TEHRAN (FNA)- Chairman of Iran’s Expediency Council Akbar Hashemi Rafsanjani called on the OPEC member-states to stop the falling crude prices in…
Iran news round up – December 31, 2014
A selection of the latest news stories and editorials published in Iranian news outlets, compiled by AEI Critical Threats Project Iran Analyst…
Iran’s coverage: Iran starts construction of 2 more nuclear power plants in Bushehr
Daily look at Iran’s late-breaking news and upcoming events: Official: Iran starts construction of 2 more N. power plants in Bushehr…
Iran VP confident oil prices will average $80
The precipitous drop in oil prices from a mid-summer high of $115 to $60 a barrel today has provoked strong reactions in…
Asian imports of Iran crude rise above 1 million bpd in November
(Reuters) – Asian imports of Iranian crude climbed above 1 million barrels per day (bpd) in November, after dropping to a one-year…
MP: Decreasing oil prices aimed at pressuring Iran in nuclear talks
Nowshahr City, Mazandaran Prov. Dec 25, IRNA – Decreasing oil prices in world markets is aimed at imposing pressure against Iran in…
Iran should reduce oil prices: Report
Iran must reduce its official oil price in order to hold its position in global oil markets, according to a report released by Iran’s official…
Brent crude oil price rises above $62
Oil prices have rallied again in the world markets following a nosedive to new five-year lows, with Brent crude at above USD 62. On…
Iran’s window of opportunity
The presidents of Iran and Russia have both recently been critical – as the collapse in the oil market benchmark price has…
Iran daily: Larijani — “We will not forget those in conspiracy of lower oil prices”
Many of the statements from Iran’s Speaker of Parliament Ali Larijani during his Sunday visit with Syria’s President Assad were the expected…
Larijani: States plotting oil price fall not to be forgotten
TEHRAN, Dec. 21 (MNA) – Iran’s Parliament speaker has hailed Syrian government and nation’s resistance and devotion. Iranian Parliament Speaker Ali Larijani…
UAE urges all world’s oil producers not to raise output in 2015
Dec 21 (Reuters) – The United Arab Emirates oil minister urged all of the world’s producers on Sunday not to raise their…