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Tehran Supports Doha Proposal without Confirming Freezing Oil Output
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A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi/TIMA
Iran’s Crude Oil Sales to Europe Surpass 300,000 Barrels after Sanctions
After lifting the international sanctions on Iran, its crude oil sales to Europe reached above 300,000 barrels, Iranian Oil Minister Bijan Zanganeh said on Saturday. Iran’s oil exports used to record a high of more than 3 million barrels per day (bpd) in 2011;...Caption:
Pumpjacks and other infrastructure for producing oil dot fields outside of Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen
Oil Rises, Cuts Losses in January on Hopes for Production Deal
Oil prices rose on Friday, recovering more than 25 percent from 12-year slumps hit last week and paring losses for the month, forecasting a deal between major exporters to cut production and curb one of the biggest supply gluts in history. Also, oil drew support from...Caption:
Crude futures rose on Wednesday for the first time in eight days, with US oil pulling further away from the widely watched $30-per-barrel level breached the previous session.
Crude Oil Rises for First Time in Eight Days
The price of crude oil rose for the first time in eight days, a positive turn as Chinese data showed record imports in December and US oil pulling further away from $30-per-barrel level. Brent crude, the global benchmark, was up 87 cents at $31.73 a barrel, but...Caption:
An employee of a local company, producing equipment for electrical meters, counts Russian rouble banknotes in Stavropol, southern Russia, December 17, 2014. (Reuters/Eduard Korniyenko)