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Russia and Iran say will continue efforts to curb oil output leftright 2/2leftright

Russia and Iran have pledged to continue efforts to rein in oil production and stabilize markets, the presidents of both countries said in a joint statement on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) and other large producers, led by Russia, had agreed in December to cut their …

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Iran oil exports hit pre-sanctions high on run-up in condensate shipments

Iran’s total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments before sanctions were imposed on the OPEC producer. The run-up from shipments of around 2.5 million bpd in …

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Saudi floats idea to lift oil prices but Iran, Russia reject cuts Read

Saudi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years although fellow producers Iran, Iraq and Russia on Thursday rejected its main idea of cutting output. Saudi Arabia, the largest oil producer in …

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Iran says OPEC unlikely to change output ceiling: Mehr news agency

(Reuters) – OPEC is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. “Lowering OPEC’s production ceiling requires consensus between all members … under current conditions it seems unlikely that the OPEC production …

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Iran deputy oil min says OPEC unlikely to cut output

(Reuters) – The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday. Asked if OPEC would cut output at the upcoming June 5 meeting, Iran’s Deputy Oil Minister Rokneddin Javadi told Reuters: …

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Iran wants OPEC to pave way for its extra oil production when sanctions lifted

(Reuters) – Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran’s oil minister was quoted on Tuesday by state news agency IRNA as saying. “We expect the members of OPEC to pave the ground …

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