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Iran says oil to stay between $50-$55
Dec 13, 2016 10:50Iran’s Oil Minister Bijan Zanganeh says he expects the price of oil to remain within the margin of $50 to $55 per barrel following a recent deal between OPEC and non-OPEC producers to curtail output.
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Russia to attend OPEC/non-OPEC meeting on output cuts
Dec 06, 2016 11:25Russia says it will participate in a meeting of OPEC and non-OPEC members amid fluctuating oil prices over doubts about the outcome of a recent agreement to slash production.
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Iran’s oil output rose by 40k bpd in Nov.
Dec 06, 2016 09:44New indications have appeared showing that Iran continued to increase its production of crude oil last month.
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Oil holds gains after OPEC output deal
Dec 02, 2016 03:01Oil prices on Thursday held on to gains made after OPEC struck a long-sought agreement to reduce production by 1.2 million barrels a day.
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OPEC agrees first oil production cut in 8 yrs: Informed source
Nov 30, 2016 12:20Delegates attending the 171st ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) have reached an agreement to slash oil production in a bid to prop up global prices, the first output cut since 2008, an informed source says.
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Oil prices may surpass $50 if all producers agree: Petroleum minister
Nov 19, 2016 11:31Minister of Petroleum Bijan Zangeneh has expressed optimism about an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) later this month, saying crude prices could surpass $50 a barrel if an agreement is reached.
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Norway’s DNO to study key Iranian oil field
Nov 17, 2016 06:53Iran has signed an agreement with Norway’s DNO to study the development of a key oil field which is believed to be jointly shared with Iraq in a yet another sign that shows Western companies are already welcoming the country’s lucrative post-sanctions investment opportunities.
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President inaugurates three oil fields in Khouzestan
Nov 13, 2016 10:34Iran has launched first phase production at three fields in its oil-rich Khouzestan province, bringing its total crude output closer to pre-sanction levels.
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Iran's oil minister "positive with oil freeze talks"
Nov 08, 2016 11:44Iran's Oil Minister Bijan Zanganeh says he is positive with oil freeze talks.
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Iran to sign gas production deal with France's Total: Oil minister
Nov 07, 2016 11:57Iran will sign a deal with France's Total on Tuesday for the development of gas production at a major offshore field in the Persian Gulf, the Oil ministry said.