• Rajesh Dutt 2016/12/27

    By Rajesh Dutt

    Five events that shook world economy in 2016

    An increasingly interconnecting world makes countries vulnerable to events in others. Seven years after the American subprime crisis shook the whole world, global economic shocks keep coming. 2016 witnessed several events that ended up impacting economies all over the world, for good and bad.

  • زنگنه 2016-12-14 10:00

    Oil minister touts OPEC compromise as outgrowth of nuclear deal 

    TEHRAN – Iran’s Oil Minister Bijan Namdar Zanganeh hailed on Tuesday the recent OPEC deal to stabilize the oil market, seeing it an outcome of the international deal over Iran’s nuclear program.

  • OPEC.jpg 2016-12-12 03:23

    By Ebrahim Fallahi

    OPEC deal: Touchstone of non-OPEC commitment

    On December 10, non-OPEC oil producers joined hands with OPEC in a collaborative effort to rebalance the overflowed oil market.

  • Hossein Askari 2016-12-04 09:31

     By M.A. Saki 

    OPEC success dependent on ‘grand bargain’ between Iran and S. Arabia: expert   

    TEHRAN - Hossein Askari, a professor of international business at George Washington University, is highly skeptical that Arab members of OPEC stick to the November 30 agreement to reduce oil output to push prices up.

  • OPEC meeting 2016-12-02 19:36

    By: Ebrahim Fallahi

    OPEC deal: Iran turns the tables on Saudis

    After months of talks and rounds of meetings, the Organization of the Petroleum Exporting Countries (OPEC) finally sealed a deal on November 30 for a production cut, marking a turning point in the organization’s history.

  • 5-OPEC.jpg 2016-12-02 09:24

    Oil Holds Gains after OPEC Output Deal

    TEHRAN – Oil prices on Thursday held on to gains made after OPEC struck a long­sought agreement to reduce production by 1.2 million barrels a day.

  • 5-OPEC.jpg 2016-11-30 12:01

    OPEC agrees to cut output by 1.2mbpd

    OPEC clinched a deal to curtail oil supply by 1.2 million barrels per day, confounding skeptics as the need to clear a record global crude glut -- and prove the group’s credibility -- brought about its first cuts in eight years.

  • Iran oil 2016-11-28 18:05

    Iranian oil minister heading to Vienna for OPEC meeting

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh will leave Tehran for Vienna Tuesday evening to attend the 171st meeting of the Organization of the Petroleum Exporting Countries (OPEC) which is due to be held on Wednesday, Shana reported on Monday.

  • Zanganeh- Barkindo 2016-11-20 20:07

    Iran optimistic on OPEC production cuts after Barkindo visit

    Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.

  • وزیر نفت بیژن نامدار زنگنه بوشهر 2016-11-16 18:51

    Iran's oil minister won't attend Friday OPEC talks: sources

    Iranian oil minister Bijan Zanganeh will not attend informal talks between some OPEC members in Doha on Friday, two OPEC sources said, adding that Iran's OPEC governor would represent Iran.

  • Iran-oil-640.jpg 2016-11-15 09:38

    Iran pumps more oil as Saudi minister calls for OPEC output cuts

    Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.

  • oil 2016-11-13 07:52

    Iran tells OPEC it raised supply by most since sanctions

    Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates.

  • Oil Slump 2016-11-11 19:01

    Mideast vulnerable to oil slump, only Iran shows resilient growth

    As OPEC prepares to meet at the end of the month, there has been a role reversal among the cartel’s heavyweights. Saudi Arabia and arch-rival Iran are among producer countries discussing terms of a supply deal that could — if they can pull it off — be the first output cut since the financial crisis. The kingdom, it seems, is on the back foot.

  • Zanganeh.jpg 2016-11-09 18:04

    Iran aims to produce 1-1.5 mbpd of oil through IPC: Zanganeh

    TEHRAN – In a television interview on Tuesday, Iranian Oil Minister Bijan Namdar Zanganeh said the country has put it on agenda to add 1-1.5 million barrels per day (bpd) of oil to the country’s production capacity using finance to be attracted through new oil contracts (known as IPC).

  • GECF 2016-11-01 09:22

    GECF holds statistics, data exchange workshop in Doha

    TEHRAN - The 7th GECF data exchange mechanism and data exchange center system workshop, and data analysis and statistics meeting kicked off in Doha, Qatar on Monday, Shana reported.

  • EF1 Zanganeh.250.jpg 2016-10-23 19:18

    Iran hopes S. Arabia, Russia to align with oil cuts

    TEHRAN – Iran says it is hoped that Saudi Arabia and Russia, the two top oil producers within and outside the Organization of Petroleum Exporting Countries, will come to terms and cut production in order to boost global prices.

  • Iran.OPEC.140.jpg 2016-10-17 18:12

    Iran calls OPEC's decision to limit output 'baby step in right direction'

    Iran's deputy oil minister said on Monday that the OPEC's primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in right direction.

  • OPEC.jpg 2016-10-08 09:35

    Iran, Russia and OPEC officials plan informal talks in Istanbul

    Energy ministers from Iran, Saudi Arabia and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul next week, OPEC sources and the Russian energy minister said on Thursday.

  • MA1.Iran oil.jpg 2016-10-04 09:11

    Iran’s crude oil price up 13 cents in a week

    TEHRAN- Iran sold light crude oil at $42.28 per barrel in the week ended on September 23, a 13-cent rise from its previous week, according to the Shana news agency.

  • حسین عسگری 2016-10-03 11:02

    By Javad Heirannia

    OPEC will not agree on quota level, business expert predicts

    TEHRAN - A professor of international business and international affairs from the George Washington University is of the opinion that some OPEC members will not abide by their pledge to reduce their crude production.

  • 5-OPEC.jpg 2016-09-30 18:02

    OPEC agrees modest oil output curbs in first deal since 2008

    OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • 5-Goldman.jpg 2016-09-30 18:02

    Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

    Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year.

  • ief15-1040x400.jpg 2016-09-28 10:14

    By Ebrahim Fallahi

    Algiers meeting outcome hanging in the balance

    Senior officials, corporate executives, representatives of international institutions and experts from all around the world along with major oil producers have come together in Algiers to attend the 15th International Energy Forum (IEF) from Sept. 26-28.

  • iran-oil.jpg 2016-09-17 10:33

    Iran crude exports hit 5-yr high near pre-sanctions levels: source

    Iran's August crude oil exports jumped 15 percent from July to more than 2 million barrels per day (bpd), according to a source with knowledge of its tanker loading schedule, closing in on Tehran's pre-sanctions shipment levels of five years ago.

  • EF1-Iran-oil.jpg 2016-09-13 18:27

    Oil production in Iran rises 22,300 bpd in August: OPEC

    TEHRAN – Based on the Organization of the Petroleum Exporting Countries (OPEC)’s Monthly Oil Market Report for September 2016, Iran’s oil production rose 22,300 barrels per day (bpd) in August and stood at 3.653 million bpd; the country’s July output was reported 3.631 million bpd.

  • EF2.JPG 2016-09-06 19:33

    Iran supports any decision by oil producers to stabilize market: Zanganeh

    TEHRAN – Iran’s Oil Minister Bijan Namdar Zanganeh said on Tuesday that Iran will support any decision that oil producers take for stabilizing the oil market, Shana reported.

  • بارکیندو 2016-09-05 18:19

    OPEC secretary general due in Tehran for talks on oil market

    TEHRAN- Mohammed Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), is due to arrive in Tehran tonight to hold talks with Iranian Oil Minister Bijan Namdar Zanganeh on a number of issues including oil market condition, demand and supply, and oil freeze plan, Shana reported.

  • Khark Irland 2016-09-04 18:56

    Iran’s crude price up $1 in a week

    TEHRAN – Iran’s light crude oil price increased by $1 per barrel in the week ended on August 26, Shana news agency reported on Saturday.

  • 3.jpg 2016-09-04 18:52

    Iran ready to help restore oil market balance after it regains share: official

    Iran is ready to support any decision to help restore balance to the oil market after it regains its pre-sanctions market share, the Iranian oil ministry's SHANA news agency reported on Saturday, quoting a minister.