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Riyadh says ready to balance market with surplus oil
Jul 04, 2018 00:59Saudi Arabia says it is ready to use its surplus two million barrels of oil production capacity to even out the global market.
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Iran plans private-sector oil sales to thwart US sanction: First VP
Jul 01, 2018 12:24Iran's first vice president says the country is considering oil exports by the private sector in a bid to thwart forthcoming US sanctions, which mostly aim to curtail the Islamic Republic's revenues by blocking its crude oil exports.
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Iran sanctions expected to push oil prices to $90
Jun 29, 2018 14:50Experts say disruption to crude oil supplies from Iran as a result of US sanctions may push oil prices to as high as $90 a barrel.
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Iran, Saudi oil ministers meet to avert showdown
Jun 22, 2018 07:00Minister of Petroleum of the Islamic Republic of Iran Bijan Zangeneh and Saudi counterpart Khalid al-Falih have held talks in Vienna just before the OPEC group met to decide on policy, the Shana news service reported.
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Iran to provide $7bn for oil projects internally
Jun 17, 2018 12:30Iran says a plan is on agenda to attract funds from domestic resources to maintain production at the country’s key oil fields.
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India’s Nayara Energy to cut Iran oil imports
Jun 11, 2018 14:02India’s Nayara Energy – one of the country’s biggest buyers of crude oil from Iran – has unveiled a plan for a major reduction in oil imports from Iran in the wake of returning US sanctions against the Islamic Republic.
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Spain’s Repsol braves US ire with first ‘Pars oil’ cargo
Jun 05, 2018 07:17Iran’s oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spain’s Repsol, the Oil Ministry’s Shana news outlet reported.
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Iran boosts oil exports in face of sanction threats
Jun 03, 2018 02:00Iran's oil exports hit 2.4 million barrels per day (mbpd) in May in what is seen as a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of returning US sanctions.
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Putin raps Trump over Iran oil sanctions move
May 26, 2018 06:58Russia’s President Vladimir Putin has criticized a controversial decision by US President Donald Trump to re-instate sanctions against Iran, warning that such a move would only harm the global economy.
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Russia warns oil to hit new highs, blames Trump
May 26, 2018 03:29Russia is warning that the decision by US President Donald Trump to pull America out of a nuclear agreement with Iran and re-instate sanctions against the country could push oil prices to new highs.