Energy Market

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Energy

Falling crude prices unable to push Iran to soften tone

Emad Askarieh -
The Iranian oil chief has said that plummeting oil prices will not make the country change its steadfast positions and stances.
Energy

Oil price manipulation, too risky a gamble

Emad Askarieh -
An Iranian energy expert says Saudi Arabia’s deliberate manipulation of oil prices and its overproduction are to blame for the sharp pains the glutted market feels.
Energy

Rafsanjani urges OPEC cooperation to prevent further drop in oil prices

Emad Askarieh -
Chairman of the Expediency Council Akbar Hashemi Rafsanjani has urged OPEC members to stand united and prevent further drop in oil prices.
Economy

Saudi comments add to market volatility

Emad Askarieh -
A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.
Energy

Iran to increase oil output to 5.7 million bpd by 2018

Emad Askarieh -
Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh.
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