Oil prices hit their lowest since 2003 on Monday, as the market braced for additional Iranian exports after the lifting of sanctions against the country over the weekend. The United Continue Reading
Iran is determined to raise its oil output as planned as soon as sanctions on its oil industry are lifted, Mehdi Asali, its representative to the OPEC producers’ group, said Continue Reading
As Iran emerges from a decade of international sanctions, its Gulf Arab rivals are facing their toughest economic predicament since the global financial crisis. Governments across the six-nation Gulf Cooperation Continue Reading
Iran could get more than five times as much cash from oil sales by year-end as the lifting of economic sanctions frees the OPEC member to boost crude exports and Continue Reading
Iran celebrated the removal of economic sanctions on Sunday, even as regional rivals warned that it was still out to destabilize the Middle East and needed to be closely monitored. Continue Reading
Iran’s full re-entry into the global oil market could take months following the lifting of Western sanctions this weekend, one of the country’s top oil officials said Sunday, signaling that Continue Reading
Iran’s success in winning an end to international sanctions will only intensify a power struggle among the faction-ridden elite, and President Hassan Rouhani cannot count on domestic political support from Continue Reading
When Iranian voters rallied behind Hassan Rouhani in 2013 as their surprise choice for president, they picked a reformer who promised to end the crushing pain of international sanctions. On Continue Reading
The Iraqi oil ministry has reduced the local retail price of high octane gasoline to reflect the lower cost of importing it, the government said on Sunday on its website.A Continue Reading
Saudi Oil Minister Ali al-Naimi said crude prices will rise and foresees that market forces and cooperation among producing nations will lead in time to renewed stability. “I am optimistic Continue Reading
