Iranian President tells Venezuela Essential to Raise Oil Prices

DUBAI, Oct 4 – Iran’s President Hassan Rouhani told his Venezuelan counterpart Nicol├ís Maduro in a phone call that it was essential for oil producing countries to take a decision to raise the price of oil and stabilise the market, Iranian state news agency IRNA said. Iran and Venezuela are both members of the Organization

[ Read More ]

Iran Could Decide Fate of First Global Oil Deal For 15 Years

By Rania El Gamal DOHA/LONDON, Feb 17 – The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms. Dominant OPEC power Saudi Arabia and

[ Read More ]

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

[ Read More ]