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Farooq

Posts Tagged "iran"

HomePosts Tagged "iran"

* Saudis to cut output by 0.5 million bpd * Iraq to reduce production, Iran will raise slightly * Qatar says Russia also joins cuts with 0.3 mln bpd * Brent oil jumps 9 percent to more than $50/barrel By Rania El Gamal, Alex Lawler and Ahmad Ghaddar VIENNA, Nov 30 (Reuters) – OPEC agreed […]

* Saudi Falih says OPEC close to reaching a deal * Says Iran OK to freeze output at pre-sanction levels  * OPEC to study proposal to cut output by 1.2 mln bpd * Brent futures up more than 5 percent, above $49/barrel (Adds Saudi comment, updates oil price) By Ahmad Ghaddar, Alex Lawler and Rania […]

BAGHDAD Nov 21 (Reuters) – Iraq’s oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply in order to push up prices, according to a statement from his ministry on Monday. The statement didn’t indicate what […]

DUBAI Nov 19 (Reuters) – Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m […]

* Saudi Arabia’s Falih says deal unlikely tomorrow * Iran insists on much higher output targets * Saudi, Iranian views still far apart * Oil prices fall over 3 percent, pressure on Riyadh grows (Updates with Saudi, Russian news conference) By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS, Sept 27 (Reuters) – Iran […]

* Sources tell Reuters Saudi Arabia could cut output * Analysts cautious about upcoming oil producer meeting (Adds Saudi output proposal, price jump) By Sabina Zawadzki LONDON, Sept 23 (Reuters) – Oil prices jumped on Friday after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output […]

Oil prices recovered Tuesday but stayed near two-month lows as increased US drilling, a strong dollar and hints of higher production by Iran and Libya brought worries about a global glut back into focus. The commodity has retreated since last month hitting above $52 a barrel as supply disruptions in Nigeria and Canada eased and […]

  • niger delta avengers

Ejiofor Alike in Lagos, Sylvester Idowu in Warri and Emmanuel Addeh in Yenagoa with agency report Following the incessant production outages and force majeure declared on exports of some grades of Nigerian crude oil, which have created supply uncertainty to the major buyers of Nigeria’s crude oil, mostly foreign refineries, the refineries from India to […]

* Iran says too early to join any pact * Supply outages across the world support oil price * Venezuela warns of more downside when outages ease (Releads with source saying Gulf OPEC members seek joint action) By Rania El Gamal and Shadia Nasralla VIENNA, June 1 (Reuters) – Gulf OPEC members including Saudi Arabia […]