Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut but said the deal was contingent on other producers, with Iran absent from the meeting and planning to ramp up shipments. The Saudi, Russian, Qatari and Venezuelan oil ministers visited Doha for a previously undisclosed meeting -...

[caption id="attachment_148743" align="alignright" width="156"] Saudi Arabian Oil Minister Ali Al-Naimi retained his post in a government shake-up Thursday, but King Salman canceled the kingdoms top oil decision-making council. PHOTO: EUROPEAN PRESSPHOTO AGENCY[/caption] JEDDAHSaudi Arabias King Salman bin Abdulaziz ordered major changes to his government ...

Daily look at Irans late-breaking news and upcoming events:   Iran Supreme Leader says not opposed to extension of nuclear talks Irans Supreme Leader Ayatollah Ali Khamenei said on Thursday he was not against an extension of nuclear talks between the Islamic Republic and world powers.   Talks on Iran nuclear issue showed US not trustworthy:...

Tehran, Nov 27, IRNA -- Irans Oil Minister Bijan Namdar Zanganeh met with his Saudi counterpart Ali Al-Naimi in Vienna on Wednesday and announced after the meeting that Tehran's oil market position was close to that of Riyadh. I met minister Naimi and we will continue our discussion, Zanganeh was quoted by Reuters as saying in the Austrian capital ...

TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh and his Saudi counterpart Ali Ibrahim al-Naimi are likely to have meeting in Vienna on Thursday before the upcoming 166th Annual Meeting of the Organization of Petroleum Exporting Countries (OPEC) tomorrow, reports said. The report by a number of news media outlets said that the meeting ...

Tehran, Nov 26, IRNA - OPEC is considering exemptions for three nations from any potential oil-production cuts. Saudi Arabias oil minister said he doesnt anticipate a difficult meeting when the group meets on Nov. 27 to decide its response to slumping crude. Iraq, Iran and Libya wouldnt have to reduce supplies should the Organization of Petroleum ...

Brent crude rose for a third day amid signs that Iran will seek an output cut at OPECs meeting this week and after China unexpectedly reduced interest rates. West Texas Intermediate advanced in New York. Futures increased as much as 0.5 percent in London. Iranian Oil Minister Bijan Namdar Zanganeh may propose that the Organization of Petroleum Exporting ...

[caption id="attachment_131723" align="alignright" width="149"] Saudi Arabia, OPECs biggest member, remains committed to seeking stable prices, Saudi Arabias Oil Minister Ali Al-Naimi said Nov. 12 in Mexico. Photographer: Tim Boyle/Bloomberg[/caption] Iran may propose that OPEC cuts its output target by as much as 1 million barrels a day to prop up ...