Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
Tag: Iran
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
Iran after the Embargo: International Tankers Help Ship Iranian Crude
Iran has been able to recover its pre-sanction level oil production and export at a much faster pace than earlier predicted also thanks to the
OPEC Fails to Agree on New Output Ceiling
OPEC did not manage to agree on a straightforward production strategy yesterday (2 June) as Iran insisted on boosting its own output despite the fact
Battling for Market Share: Saudi Arabia Wants Asia Buy More Oil
Ahead of the first OPEC meeting under the new Saudi oil minister, the Gulf Kingdom is offering extra crude to its Asian customers, a sign
Asian Markets in Focus as Iran and Saudi Arabia Fight for Market Share in Oil
Iran’s oil exports are expected to soar in May by almost 60 percent compared to a year ago, which is being mostly driven by the
Iran to Finally Introduce a New Oil Investment Deal
Iran’s Deputy Oil Minister, Rokneddin Javadi, said yesterday (5 May) on the state TV that a new oil investment contract for international oil firms will
Oil Prices Slump on Looming Saudi Arabia-Iran Production Race
Oil prices have plunged again following analysts’ warnings of a looming production race between Saudi Arabia and Iran. The news wiped out earlier price gains
OPEC Fails to Agree on a Production Freeze
Yesterday’s (17 April) marathon negotiation session in Doha among the world’s biggest oil producers failed to produce an output freeze, a decision that could cause
Iran’s Problems with Storage Impact Crude Exports to Europe
Iranian oil exports to Europe have started to rise following a slow start after the sanctions were lifted in January. However, Teheran is now facing