Tag: Iran

• Thursday, December 1st 2016 - 15:30 UTC

  Russia ready to do its part as OPEC countries agree on oil output cut

  

  As the Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 members to cut oil production for the first time since 2008, Russia's Energy Minister Alexander Novak said his country was ready to do its part by reducing 300,000 barrels per day in the first half of 2017, provided OPEC adheres to the level of 32.5 mln barrels daily adjusted for Indonesia and on condition of maximum reciprocity from other non-OPEC countries. Russia is not an OPEC member.

• Friday, September 30th 2016 - 15:00 UTC

  Where will oil prices go after Algiers?

  

  Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring

• Wednesday, September 28th 2016 - 12:26 UTC

  Iran-Saudi Arabia can't agree on limiting oil supply: “maybe in November”

  

  Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

• Monday, August 29th 2016 - 04:11 UTC

  Venezuela and Iran announce new “dynamic bilateral relations”

  

  Venezuelan President Nicolas Maduro named Chief General Jesus Gonzalez as the country's new ambassador to Iran on Saturday, while announcing the beginning of a new dynamic era in Caracas-Tehran bilateral relations.

• Monday, February 1st 2016 - 06:22 UTC

  Venezuelan lobbying for oil production reduction: tour begins Monday in Russia

  

  Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices.

• Thursday, January 28th 2016 - 06:19 UTC

  Iran says economic growth crucial to defeating extremism in the Middle East

  

  Generating economic growth in the Middle East is crucial to defeating extremism, Iranian President Hassan Rouhani said putting forward his country as a regional trade hub and pillar of stability. Rouhani is on a four-day trip to Italy and France, looking to rebuild Iranian relations with the West some two weeks after financial sanctions on Tehran were rolled back following the implementation of its nuclear deal with world powers.

• Wednesday, January 20th 2016 - 07:57 UTC

  Teheran and Spain discussing an Iranian refinery in Algeciras, across from Gibraltar

  

  The governments of Spain and Iran are discussing the possible construction of an Iranian-owned refinery in Algeciras, Spain and across from Gibraltar, after the Islamic Republic re-opens for business following the lifting of international sanctions.

• Monday, January 18th 2016 - 05:34 UTC

  War between Saudi Arabia and Iran could send oil prices to $250

  

  By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East

• Monday, December 28th 2015 - 07:14 UTC

  Argentina's MOU with Iran sponsored by Cristina Fernandez, dropped by Macri

  

  Argentina's divisive 2013 Memorandum of Understanding (MOU) with Iran was finally dropped became after Argentine Federal Judges Juan Carlos Gemignani and Angela Ledesma accepted a request filed by the president Mauricio Macri administration Justice Ministry to drop the Executive’s appeal to the Federal Cassation Court.

• Monday, December 21st 2015 - 06:32 UTC

  Timerman admits in 2012 recording that Iran 'planted the bombs' at AMIA

  

  Argentine journalist Daniel Santoro on Friday revealed two recordings in which former Argentine Foreign Minister Hector Timerman is heard admitting that Iran “planted the bombs” that demolished the AMIA Jewish community center in Buenos Aires in 1994.