News // Middle East and OPEC
President Hassan Rouhani said that Iran has no limit for oil production and exports in the coming months.
05 December 2016 , 10:03Neftegaz.RU9660
Oil traders’ attention will turn to Russia following Opec’s landmark decision on crude output, said a prominent petro-economist.
01 December 2016 , 12:33Neftegaz.RU6380
The price of oil is surging after reports that the oil producers cartel OPEC has agreed a deal to cut output.
30 November 2016 , 18:04Neftegaz.RU7950
With only a few days to go before OPEC Vienna meeting to ratify its oil cutback deal, and amid disturbing developments such as Saudi Arabia saying it will not attend a pre-meeting of non-OPEC members.
28 November 2016 , 11:03Neftegaz.RU6960
After earlier this week OPEC tabled the issue of Iran’s and Iraq’s participation in the OPEC deal until November 30, the markets might have thought there would be little jawboning left to do until that day. But not so fast.
25 November 2016 , 17:37Neftegaz.RU5610
Iranian Oil Minister Bijan Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.
22 November 2016 , 14:09Neftegaz.RU5950
Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia's energy minister said.
21 November 2016 , 13:00Neftegaz.RU5250
Talks over production levels are expected to yield positive results, including any talks with Iranian representatives gathered in Doha, a Russian minister said.
18 November 2016 , 12:05Neftegaz.RU6080
Saudi Arabia’s Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak are said to be heading to Qatar later this week for an unscheduled meeting, according to industry sources quoted by Reuters.
16 November 2016 , 18:00Neftegaz.RU6600
Hyundai and Saudi Aramco have inked contracts for the company’s Uthmaniyah Ethane Deep Recovery Project.
16 November 2016 , 16:02Neftegaz.RU21340
Israel's energy minister Yuval Steinitz sees a very rosy future for Israel's natural gas economy in general and for gas exports in particular.
15 November 2016 , 14:11Neftegaz.RU6500
Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi says after 36 years, Iran will stop gasoline imports.
14 November 2016 , 17:32Neftegaz.RU5210
As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be forced to compete with each other for market share in European and Asian markets, especially in the wake of growing tensions between Russia and Europe.
14 November 2016 , 00:09Neftegaz.RU18360
Even though their political predictions were once again proven spectacularly wrong with the surprise election of Donald Trump as the 45th U.S. president, analysts lost no time worrying that his win will upset OPEC attempt to prop up oil prices.
10 November 2016 , 14:11Neftegaz.RU4890
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.RU7210
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.RU6600
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.RU6420
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.RU8970
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.RU6530
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.RU7390