Some OPEC members are U.S. ‘tools,’ Iran says
There may be certain members of OPEC acting as “tools” for a U.S. government looking to capitalize on shale oil momentum, Iran’s oil minister said. Crude oil prices are trading Continue Reading
Iranian Oil Squeeze Could Upset OPEC Agreement on Production Cuts
President Donald Trump’s decision to withdraw from the Iran nuclear deal could pile pressure on OPEC’s pact to limit production and upset the delicate balance among its disparate signatories, analysts Continue Reading
His nuclear deal and economy are crumbling, but don’t write off Iran’s president yet
The Iranian president’s signature achievement, a landmark nuclear deal with world powers, is starting to unravel, and his economy is in distress even before renewed U.S. sanctions begin to bite, Continue Reading
Iran Accuses U.S. Of Pushing Up Oil Prices
U.S. President Trump has made a deal with some OPEC producers to keep prices high as they support the U.S. economy and boost federal taxes. This is what Iran’s Energy Continue Reading
Lukoil, Iraq To Double West Qurna-2 Oil Production To 800,000 Bpd
Russia’s second-biggest oil producer, Lukoil, has signed a development plan for the West Qurna-2 oil field in Iraq with local Basra Oil Company, targeting to double oil production from the Continue Reading
Iraqi Elections Could Disrupt Oil Industry
Iraqis are heading to the polls this Sunday to elect their next government, which is most likely to be a coalition—a change that could see delays in new oil projects Continue Reading
Iraq heads to polls in first election since Isis defeat
Iraqis have begun voting in parliamentary elections that will shape the country’s trajectory as it looks to rebuild and attract investment after its devastating four-year battle with Isis. The poll Continue Reading
Oil Markets Tremble On Iran, Israel Flare-Up
Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the Continue Reading
U.S. sanctions Iran currency network after Trump pulls out of nuclear deal
The U.S. Treasury imposed sanctions on Thursday against six individuals and three companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days Continue Reading
Iran says U.S. exit from nuclear deal will not have any impact on its oil
Iranian Oil Minister Bijan Zanganeh said on Thursday that U.S. President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports. “Trump’s decision will not Continue Reading