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Iran

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  • World oil producers and consumers should work on removing sanctions and soothing Middle East security fears to boost investment in new production capacity, Iran's OPEC governor said on Friday.

  • Regulators Moving to Curb Speculative Oil Trading Tuesday, 17 Jun 2008 | 11:13 AM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Federal regulators said they will place stricter limits on foreign exchanges that trade U.S. oil as concerns continue to grow about the role of speculation in rising fuel prices.

  • Oil Refinery

    The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.

  • It's Supply, Not Speculation Friday, 6 Jun 2008 | 6:25 PM ET

    Tough talk today between Israel and other nations could be another reason behind oil’s surge. Get the international perspective from Tim Seymour!

  • oil_new_3.jpg

    Oil jumped nearly $11 to a record $138.54 a barrel Friday on the slumping US dollar and rising tensions between Israel and Iran.

  • Iran, Stormy Weather Back On Trader's Radar Monday, 2 Jun 2008 | 2:21 PM ET
    iran.jpg

    According to what's billed as an "Exclusive" on the Jerusalem-based English-language website, DEBKA, the Bush Administration is "closer than ever before to ordering a limited missile air bombardment" on some Iranian Revolutionary Guard installations.

  • Oil Prices End Down at $124.12 Thursday, 15 May 2008 | 5:21 PM ET
    Oil_pump2.jpg

    Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.

  • Oil Prices End Down Near $124 as U.S. Supply Rises Wednesday, 14 May 2008 | 3:33 PM ET

    U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

  • Oil Prices Finish Volatile Day Just Below $126 Tuesday, 13 May 2008 | 1:07 PM ET
    oil_new_2.jpg

    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Iran Rejects Incentives for Nuclear Halt Monday, 5 May 2008 | 7:25 AM ET
    Nuclear Power Plant

    Iran said on Monday it would not consider any incentives offered by world powers that violated its right to nuclear technology, ruling out a precondition that it suspend uranium enrichment.

  • Iran Sees No Need for OPEC Oil Output Hike: Report Tuesday, 29 Jan 2008 | 3:51 AM ET

    Iranian Oil Minister Gholamhossein Nozari said in remarks published on Tuesday that the market was sufficiently supplied with crude and he saw no need for OPEC to raise production.

  • Iran Official: Crude Oil Supply Sufficient Thursday, 3 Jan 2008 | 3:03 AM ET

    A senior Iranian oil official said on Thursday there was "enough" supply in the market at this time and blamed the high crude price on excessive liquidity in financial markets.

  • Turkmenistan Stops Gas Exports to Iran Monday, 31 Dec 2007 | 9:36 AM ET

    Turkmenistan has stopped natural gas exports to Iran, causing winter shortages in some parts of its neighbour, Iranian officials said on Monday.

  • Iran, China's Sinopec Sign Oil-Field Deal Sunday, 9 Dec 2007 | 6:51 PM ET
    Oil Refinery

    Iran said China's Sinopec would invest around $2 billion under a deal signed on Sunday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent.

  • OPEC Leaves Oil Production Unchanged Wednesday, 5 Dec 2007 | 10:22 AM ET
    Abu Dhbai

    OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.

  • OPEC May Consider Boost In Oil Output Wednesday Tuesday, 4 Dec 2007 | 5:25 PM ET
    Abu Dhbai

    OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.

  • Oil 'Bubble' Will Burst: Iran Oil Minister Wednesday, 31 Oct 2007 | 7:43 AM ET
    Oil Pipeline

    An oil price "bubble" was not due to any shortage but was fuelled by global political tensions, a leading Iranian oil official told the state broadcaster.

  • Interview Transcript: Dick Cheney Friday, 26 Oct 2007 | 3:56 PM ET

    The unofficial transcript of an interview with Vice President Dick Cheney on "Kudlow & Company."

  • US Targets Iranian Defense Ministry with New Sanctions Thursday, 25 Oct 2007 | 10:44 AM ET

    The Bush administration announced Thursday that it is imposing sweeping new sanctions against Iran's defense ministry, its Revolutionary Guard Corps and a number of banks.

  • Oil Jumps $2 on Winter Supply Concerns Tuesday, 9 Oct 2007 | 1:53 PM ET
    Oil Pipeline

    Oil rose $2 to over $81 per barrel Tuesday, on concerns about consumer-nation supplies ahead of the coming Northern Hemisphere winter.