Oil prices fell nearly one percent on Tuesday on news that Iran and Libya have continued to increase production, overshadowing an OPEC agreement struck last week to freeze output levels in a bid to stem a two-year price rout. Benchmark Brent crude oil futures LCOc1 were trading down 40 cents, or 0.8 percent, at $50.49 a barrel at 0826 GMT. U....

Newspapers on Saturday covered the Iranian governments success in the recent OPEC meeting. The Oil Ministry managed to exempt Iran from the oil freeze plan, which was approved by all members, including Saudi Arabia. They also highlighted the anti-Saudi law passed by the US Congress, which allows the victims of 9/11 attack to file lawsuits against ...

Newspapers on Thursday covered the remarks made by the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei during the graduation ceremony of cadets in Tehran. The Leader underlined the need for constant enhancement of the countrys defensive power, and expressed optimism about the future of Iran. Another top story today was the death ...

TEHRAN, Sept 27 (Shana) Secretary of Parliament Energy Committee Abdolhamid Khedri says Minister of Petroleum Bijan Zanganehs consultations in Algeria will bear positive consequences for Tehran. Khderi told Shana that as far as energy diplomacy is concerned, Tehrans efforts and plans to revive its share in the world crude oil markets have been ...

TEHRAN, Sep. 26 (MNA) Iran is likely to launch a fresh round of negotiations with Frances Total and Britains Shell on the sidelines of OPEC summit underway in Algeria. In time with the fifteenth International Energy Forum in Algeria, Iran will hold talks with two European oil giants over inviting new tenders for the Iranian oil industry. Accordingly,...

The nations may agree to a production freeze, which could have an immediate impact on prices. Plus the other economic stories to look out for in the next seven days. If you have low expectations you wont be disappointed not a bad way to approach life, as well as economics. But it is particularly appropriate when approaching OPEC meetings, for the ...

TEHRAN, Sep. 25 (MNA) The upcoming meeting of OPEC ministers in Algeria in late September has given rise to a great deal of speculation on possible beneficiaries and losers of a freeze deal. Numerous factors exert slight or major effects on oil prices ranging all the way from an official handshake between petroleum ministers of two oil-producing ...