OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
News ID: 1085 Publish Date : 2017/04/13
Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.
News ID: 1084 Publish Date : 2017/04/13
The oil minister says Iran can sign between $70 billion and $80 billion worth of contracts in a short period.
News ID: 1066 Publish Date : 2017/04/11
TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
News ID: 1035 Publish Date : 2017/03/30
The announcement comes as Tatneft, Russia's sixth largest oil firm, signed a preliminary agreement earlier in the week to study Shadegan Oilfield in Khuzestan Province
News ID: 1024 Publish Date : 2017/03/10
TEHRAN- Iran is negotiating with foreign companies to finalize 25 contracts in oil sector, which will bring $80-85 billion investment to the country, Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said on Saturday.
News ID: 1012 Publish Date : 2017/03/05
Iran is looking to offer up to $4.5 billion in rial and foreign currency-denominated bonds by March 2018, the oil ministry's news website SHANA reported on Saturday.
News ID: 998 Publish Date : 2017/02/26
An agreement between OPEC and non-OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
News ID: 976 Publish Date : 2017/02/13
Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year.
News ID: 973 Publish Date : 2017/02/13
TEHRAN- Iranian Dana Energy Company and Austrian OMV Group inked a memorandum of understanding (MOU) on expansion of cooperation in oil and gas development projects, Shana reported on Wednesday.
News ID: 921 Publish Date : 2017/01/26
Iran sold $29 billion worth of oil and condensate during the Jan.-Dec. period, of which $24.7 billion has been collected
News ID: 890 Publish Date : 2017/01/20
Oil prices fell on Wednesday on expectations that US producers would boost output.
News ID: 884 Publish Date : 2017/01/20
Despite the easing of sanctions, NITC tankers reportedly faced restrictions in berthing at European oil terminals until recently and foreign vessels carried Iran's crude to Europe
News ID: 883 Publish Date : 2017/01/20
Oil-price gains will trigger a “significant” increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
News ID: 881 Publish Date : 2017/01/20
OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.
News ID: 880 Publish Date : 2017/01/20
Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.
News ID: 876 Publish Date : 2017/01/17
OPEC's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi Arabia trimming exports.
News ID: 842 Publish Date : 2017/01/08
Reuters:
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
News ID: 840 Publish Date : 2017/01/08
OPEC members are committed to the deal signed last month to cut output as it is in the interest of their flagging economies, Oil Minister Bijan Namdar Zanganeh said.
News ID: 816 Publish Date : 2016/12/30
Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
News ID: 815 Publish Date : 2016/12/30
