iranian oil

Saudis Pledge Not to Shock Oil Markets as OPEC Clash Looms

By Reem Shamseddine, Rania El Gamal and Alex Lawler VIENNA, June 2 – Saudi Arabia promised on Thursday not to flood the oil market with extra barrels as OPEC entered a heated debate about production policy, with Iran insisting on the right to raise output steeply. Tensions between the Sunni-led kingdom and the Shi’ite Islamic

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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 Committed to OPEC’s Oil Output Freeze: Iranian Ambassador to Oman

By Leila Hatoum Muscat (Newsweek Middle East)– A day after Iran’s Oil Minister Bijan Namdar Zanganeh ridiculed a decision by the Organization of the Oil Petroleum Exporting Countries (OPEC) to freeze oil output, the Islamic Republic’s Ambassador to Oman said his country “is committed to OPEC’s oil output freeze decision.” Speaking on the sidelines of Iran’s

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Saudi Arabia Alarmed, in Private, at Iran’s Sanctions Relief

By Angus McDowall RIYADH, Jan 18 – Saudi officials have said little in public, but they fear the end of sanctions on Iran could boost what they see as its subversive activities in the Middle East while also enriching a diverse economy that the oil-dependent kingdom views as a major competitor for regional influence. Saudi-Iranian

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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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Iran Set to Boost Oil Production by 500,000 BPD

DUBAI, Jan 18 – Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on Monday, implementing its policy to boost production as soon as sanctions were lifted. Oil prices hit their lowest since 2003 on Monday as the market braced for

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