iran oil

Oil May Rise to $55 if All Producers Cooperate – Iran

DUBAI, Nov 19  – Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic

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Iran Signs First New Style Energy Contract with a Local Firm

By Parisa Hafezi ANKARA, Oct 4 – The National Iranian Oil Company (NIOC) on Tuesday signed a new style output contract with an Iranian firm, a long-awaited template for new contracts it hopes will attract foreign energy investors back to boost output after years of sanctions. “The first new model contract, the Iran Petroleum Contract

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Iran Supports Any Move to Stabilize Oil Market: Rouhani

DUBAI, Sept 18 – Iran’s President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil prices are harmful to all countries, especially oil producers,” Rouhani was quoted as saying by SHANA.

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Iran Supports $50-60 Oil Price, Stability Measures

By Parisa Hafezi ANKARA, Sept 6 – Iran supports an oil price of $50-60 per barrel and any measure to stabilise the market, state TV quoted the country’s oil minister as saying on Tuesday. “Iran wants a stable market and therefore any measure that helps the stabilisation of the oil market is supported by Iran,”

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OPEC Deal a Tough Task, as Oil Output Freeze Expectations Rise

By Rania El Gamal and Alex Lawler DUBAI/LONDON, Aug 15 – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal. Riyadh sharply raised

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Saudi, Iran Set to Clash Over OPEC Oil Output Targets

By Shadia Nasralla and Alex Lawler VIENNA, June 2 – OPEC is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday, with Riyadh trying to revive coordinated action and set a formal oil output target but Tehran rejecting the idea. Tensions between the Sunni-led kingdom and the Shia Islamic

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Iran’s May Oil Exports Set to Surge Nearly 60 Pct from a Year Ago

By Aaron Sheldrick and Osamu Tsukimori TOKYO, May 18 – Iran’s oil exports are set to surge in May, climbing nearly 60 percent from a year ago, with European shipments recovering to about half of pre-sanction levels, according to a source with knowledge of the country’s crude lifting plans. This shows Tehran is regaining market

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Witnessing OPEC’s Demise

BY Dr. Nasser Saidi With oil prices down by some 70 percent from mid-2014 and touching multi-year lows, economies across the globe are gradually adjusting to the New Oil Normal and the massive transfer of real income from oil producers to oil consumers, with Middle East oil exporters losing $390 billion in export revenues in

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Iran Oil Minister Says Will Keep Raising Production: Mehr News

DUBAI, April 4  – Iran will continue increasing its oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister Bijan Zanganeh was quoted by the semi-official Mehr news agency as saying. Zanganeh was speaking at the weekend ahead of an April 17 meeting of OPEC and

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Iran-Venezuela Oil Tanker Deal Hit by Sanctions Snags

By Jonathan Saul and Marianna Parraga LONDON/HOUSTON, Jan 18 – An agreement to build oil tankers in Iran for Venezuela has been left in limbo years after it was announced as Western sanctions plus disagreements over payments and delivery terms took their toll, sources familiar with the matter say. The deal was heralded in 2006

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