Iran gives oil freeze plan cautious welcome
Iran on Wednesday cautiously welcomed an initiative to freeze oil output by the world’s largest producers — even though Tehran itself is rushing to increase its own exports. The Iranian Continue Reading
Goldman’s Head of Commodity Research Says the Saudi-Russia Oil Deal Won’t Make A Difference
The oil markets have been desperately searching for some good news, whether that be on the supply or demand side. A glimmer of hope came Tuesday when major oil producers Continue Reading
Iran and Iraq Under Pressure to Cap Oil Output to Help Raise Prices
A day after Saudi Arabia, Russia and other oil producers agreed to limit their production, the pressure was turned up on Iran and Iraq to join the agreement and help Continue Reading
Iran says it is ‘illogical’ for it to join oil output freeze
Iran’s Opec envoy is reported as saying it is “illogical” for it to join the oil output freeze agreed by a Russian and Saudi Arabian-led group on Tuesday. Mehdi Asali, Continue Reading
Kurds’ advance in Syria divides U.S. and Turkey as Russia bombs
The rapid advance of U.S.-backed Kurdish fighters in northern Syria, taking advantage of Russian air strikes to seize territory near the Turkish border, has infuriated Ankara and threatened to drive Continue Reading
UAE says supports production freeze deal if supported by all OPEC and Russia
UAE’s Oil Minister Suhail Mohamed Al Mazrouei is accompanied by plaintclothes police as he arrives at his hotel ahead of a meeting of OPEC oil ministers in Vienna, Austria, December Continue Reading
Saudi Rating Gets S&P Jolt as Four Oil-Nation Credits Cut
The negative impact from the plunge in oil prices rippled further throughout crude-producing nations as Standard & Poor’s cut the credit ratings of Saudi Arabia, Oman, Bahrain and Kazakhstan. Saudi Continue Reading
Iran Backs Oil Producer Freeze Without Pledging Supply Curbs
Iran supported an accord by Saudi Arabia and Russia to steady global oil markets by capping their supply, without saying whether it would curb its own production. Iran backs any Continue Reading
Rouhani allies face tough challenge in votes to shape Iran
Iranians will shape the future of the Islamic republic for at least a decade when hardline and moderate candidates battle next week in elections for parliament and the body which Continue Reading
New rhetoric underscores entrenched Erbil-Baghdad oil disputes
Leaders in Baghdad and Erbil traded dueling statements that emphasize the great difficulty in reviving any semblance of cooperation over oil and budget issues.The public exchange was cloaked in the Continue Reading