Reuters- Oil prices fell on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three years, but found some support from concerns over future Iranian and Venezuelan output. Analysts expect higher U.S. output to offset supply curbs by the Organization of the Petroleum Exporting Countries (OPEC), which ...

TEHRAN, Oct 18 (Shana) Government spokesman Mohammad-Baqer Nobakht says many countries admit Iran has been the only country gaining economic growth despite global oil price decline. Nobakht told a press conference that government policy is based on privatization of the incomplete projects. He said government has successfully managed to run the ...

TEHRAN, Aug 29 (Shana) Minister of Economy and Finance Ali Tayebnia says Iran was affected the least from oil price decline. "Based on the newly released statistics of the International Monetary Fund (IMF), Iran was the least sufferer from oil price fall and that means that Iran has lowered its vulnerability of overseas shocks in economic domain,...

TEHRAN, Iran Amid warnings by some experts of the possibility of a further slump in oil prices in 2016, crude oil prices briefly hit 12-year lows this week, selling for less than $30 per barrel. With the imminent lifting of Western sanctions on Iran over its nuclear program, the oil market is anticipating an inflow of Iranian crude in coming weeks....

TEHRAN, Jan. 13 (Shana) A consensus is required to hold the emergency meeting of the OPEC member states, otherwise there would be no meeting, said the Iranian minister of petroleum. Iran has not received any request in this regard yet, Bijan Zangeneh said addressing the press on the sidelines of his meeting with former German chancellor Gerhard ...

The Organization of the Petroleum Exporting Countries' (OPEC) Reference Basket of petroleum blends fell in value by 4.88 percent on Monday, reaching the same level as October 1, 2003, or $27.07 per barrel, according to a statement by the organization. MOSCOW (Sputnik) January's average oil price currently stands at $29.35 per barrel. The average ...

TEHRAN, Jan. 09 (Shana) In case the declining trend in oil prices continues, gas exports to Europe will become economical, said the director for international affairs of the National Iranian Gas Company (NIGC). Azizollah Ramezani added, Regional countries are Irans top gas export priorities. China and India have the potential to become favorite ...

TEHRAN, Jan. 6 (Shana) - Majlis Vice-Speaker Mohammad-Hassan Abutorabifard said on Wednesday that the current downward trend in the price of crude oil is a golden opportunity for Irans economy not a threat. Speaking at a conference on resistive economy here he said, A country which was run by 100-dollar oil price per barrel is now managed by 30-...

Moscow and Tehran signed a five-year memorandum of understanding in August 2014 aimed at boosting economic cooperation. The agreement envisions Russia constructing and overhauling Irans energy production facilities and electric power grids. MOSCOW (Sputnik) A Russia-Iran deal to exchange Iranian crude oil for Russian goods and equipment is in effect,...

Latest trading data figures show Iran has lowered the quarterly price for its flagship crude to the lowest in three years in a bid to lure Asian buyers to lock in more term supplies next year. Reuters says in a report that the price reduction is just one of the steps taken by Iran to ramp up output and regain market share lost after a series of ...

Iran will not pursue a market-share battle for the sale of its crude oil once US-led sanctions on the country are lifted, Minister of Petroleum Bijan Zangeneh has said. Zangeneh has already called on OPEC to make room for recovered Iranian oil production which was cut by half under the sanctions. The country expects to boost output by 1 million ...

Tehran, May 3, IRNA The price of Iranian oil during the week leading to April 24, increased more than four dollars, approaching the $60 per barrel. The price of Iranian oil during the week leading to April 24, increased $4.18, which was the highest growth among the crude oil increase rates to reach $59.69 per barrel. Meanwhile, the price of ...

Turkeys trade balance, one of the few points for solace in this years worst performing bond market, might not be improving as much as the data appears to show. Despite having no significant gold deposits,exports of the precious metalmade up 70 percent of the narrowing in the current account gap, according to government data published Friday. A gold ...

Falling oil prices may have already increased the costs for production in many countries. However, Iran says its oil industry has today become a heaven for investors because production costs in the country are lower than many other countries. The risks for making investments in oil projects are too high in the United States and certain other countries,...

Only two days after Iran and the P5+1 group of countries announced in the Swiss city of Lausanne that they had found solutions for a final comprehensive agreement over Irans nuclear energy program, officials in Tehran say international companies have already voiced interest to take up projects in the countrys oil industry. Irans Deputy Petroleum ...

Crude oil futures finished lower on 2 April, but witnessed mixed trade for the week, as traders bet that a preliminary deal on Iran's nuclear programme will add to the global supply glut that has hurt oil prices. Brent May contract finished $2.15, or 3.8%, lower at $54.95 a barrel on Thursday (2 April). In a holiday shortened week, the global ...

(Reuters) - Oil prices fell as much as 4 percent on Thursday after global powers negotiating a nuclear deal with Iran called for a news conference after more than a week of talks in Switzerland. A nuclear pact for Tehran could remove Western sanctions on the OPEC nation's oil exports, bringing millions of additional Iranian crude barrels onto a ...

TEHRAN (FNA)- Head of the Iranian Parliament's Energy Commission Ali Marvi said that Iran's economic officials are experienced enough to find new ways to overcome any further fall in crude price. Marvi said that Iran can run its economic affairs without dependence on petrodollars. He further added that with just 30 percent dependence on its oil ...

(Reuters) - A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, withIraqlooking the most vulnerable. The latest twist to the saga of aggressive marketing is the world oil glut and low prices, likely to fall more with added Iranian crude, making Tehran's battle ...

NEW YORK, March 30 (Reuters) - Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran's nuclear program that could end Western sanctions and allow the OPEC member to ship more crude into an already flooded market. Crude prices finished sharply off the day's lows, however, as prospects ...