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Tehran Supports Doha Proposal without Confirming Freezing Oil Output
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This July 26, 2011 file photo shows Venezuela’s then-oil minister and current OPEC representative, Rafael Ramírez, talking to the media during a news conference at the headquarters of the state-run oil company PDVSA in Caracas, Venezuela. (Reuters/Carlos Garcia Rawlins)
Iran, Venezuela urge oil price support ahead of OPEC meeting
Dubai and Al-Khobar, Reuters/Asharq Al-Awsat—OPEC hawks Iran and Venezuela on Saturday called on fellow crude producers to shore up prices that have plunged more than 30 percent to four-years low ahead of an OPEC meeting later this month. Oil prices have fallen to...Caption:
Iranian Oil Minister Bijan Namdar Zanganeh speaks during a news conference at the Oil Ministry in Tehran in this March 8, 2005 file photo. (Reuters/Rahieb Homavandi)
Iran denies oil “price wars” as crude continues to slip
Al-Khobar, Asharq Al-Awsat—Iran will not be reducing its oil prices in order to match its competitors on the global market, Iran’s oil minister said on Tuesday, amid fears that discounts offered by Saudi Arabia to US and Asian customers in November could trigger a...Caption:
Iranian Oil Minister, Bijan Namdar Zanganeh defends his nomination for the cabinet of President Hassan Rowhani during a parliament session in Tehran on August 15, 2013 (AFP PHOTO/BEHROUZ MEHRI)