News // Middle East and OPEC
By most counts, the long-standing rivalry between Saudi Arabia and Iran flared up again at the worst possible time, reportedly during the recent meeting among OPEC that was intended to pave the way for ratification of an oil output reduction deal later this month.
08 November 2016 , 18:00Neftegaz.RU6360
Russia is a crucial partner in addressing energy challenges and both sides are committed to stable oil markets, said OPEC Secretary General Mohammed Barkindo.
24 October 2016 , 15:31Neftegaz.RU6300
Representative of France's energy giant Total says his company is seeking to strike win-win deals with Iran in order to transfer technical savvy and capital to the OPEC-member crude oil supplier.
24 October 2016 , 13:00Neftegaz.RU5360
A senior Iranian oil official says the price of crude oil at about $40 per barrel would be enough for foreign developers to make lucrative investments in Iran's oil fields.
20 October 2016 , 10:11Neftegaz.RU7540
Freezing global crude oil production for 6 months with an option for an extension would be the most appropriate and efficient way to rebalance the market, said Russia’s Energy Minister Alexander Novak.
18 October 2016 , 10:08Neftegaz.RU5800
The price of crude has recovered in the last days but the recent period of low oil prices has been deeply hurtful for producers like Venezuela who are heavily dependent on crude exports.
12 October 2016 , 14:26Neftegaz.RU6220
Vladimir Putin said at the World Energy Congress in Istanbul that Russia will join the deal to cut global crude output.
11 October 2016 , 10:11Neftegaz.RU5850
Russia, whose economic future is said to revolve around crude prices at the $40 level, is maintaining its outlook that this price level will be the average in the next three years – despite oil climbing to near $50 in the wake of this week's Organization of the Petroleum Exporting Countries' deal to cut production.
04 October 2016 , 15:04Neftegaz.RU6640
The MP Amir Khojaste says the Parliament supports the plan for revival of Iran's share in the oil market.
04 October 2016 , 13:00Neftegaz.RU5780
Less than 24 hours before the freeze talks in Algeria get underway, Saudi Arabia and Iran have quashed any hopes for a deal to be made.
29 September 2016 , 12:00Neftegaz.RU6090
It's not essential to use artificial action on the energy market to correct the imbalance between supply and demand, Russia's energy minister said from Algeria.
27 September 2016 , 17:00Neftegaz.Ru6490
Attending the 15th Ministerial Meeting of the International Energy Forum (IEF), Iranian oil minister will deliver a speech in the first session of the Forum.
26 September 2016 , 15:36Neftegaz.RU6110
If the oil price is fair for both supply and demand side, a stable oil market can be formed, Secretary General Mohammed Sanusi Barkindo said.
26 September 2016 , 13:00Neftegaz.RU7050
President Hassan Rouhani says Tehran supports any move for stabilization of the market and improvement of oil prices based on justice, fairness and observation of fair quota for the producing countries.
19 September 2016 , 13:00Neftegaz.RU7510
With oil production on pace to increase through the year, economists at OPEC said Russia's economy is already on a clear road to modest recovery.
13 September 2016 , 12:23Neftegaz.RU5720
The energy ministers of Saudi Arabia and Algeria will meet with OPEC’s top official as major oil producers continue to lay the ground for a potential deal to bolster crude prices in Algiers later this month.
09 September 2016 , 14:18Neftegaz.RU5130
Iranian Minister of Petroleum Bijan Zangeneh said Iran would support any decision by crude oil producers that would bring stability back to the oil market.
07 September 2016 , 10:00Neftegaz.RU4670
Like so much of the talk leading up to the OPEC freeze meeting later this month, news of Saudi Arabia and Russia agreeing to act together to stabilize oil looks good on paper – but critics dismiss it as just yet more lip service.
06 September 2016 , 16:20Neftegaz.RU6440
Iran is ready to raise its oil production to 4 million barrels per day (bpd) in the next 2 to 3 months depending on market demand, said the director for international affairs at NIOC.
06 September 2016 , 14:15Neftegaz.RU7260
While skepticism has greeted Saudi Arabia's suggestion it will be more agreeable in the upcoming OPEC´s freeze talks, new rumours that it will support an output cap in order to maximize the profitability of its state-owned Aramco IPO are gaining traction.
02 September 2016 , 16:10Neftegaz.RU9850