Asia Top News and Analysis Iran

  • Iranian workers walk at a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015.

    Venezuela and Iran are continuing to seek consensus on ways to stabilize oil markets, Venezuelan President Nicolas Maduro says.

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq to increase...

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices, its oil minister Jabar Ali al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. Iraq wants to "strengthen OPEC's role in achieving a balance in the oil market," Luaibi added, according to the spokesman, without...

  • *Baghdad needs revenue to finance war against Islamic State. BAGHDAD, Aug 27- Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Baghdad would not be able to reroute those volumes to Iran but could order...

  • NEW YORK, Aug 26- Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Federal Reserve Chair Janet Yellen's comments at an international gathering of central bankers in Jackson Hole. Brent crude futures rose 66 cents to $50.33 a barrel by 10:36 a.m. EDT.

  • LONDON, Aug 26- Oil eased on Friday, on course for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude futures were down 6 cents at $49.61 per barrel by 1339 GMT, having recovered from a session low at $49.12.

  • LONDON, Aug 26- Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. Members of the Organization of the Petroleum...

  • *Members of OPEC meeting in late September. Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria Sept. 26-28.

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.46 per barrel at 0658 GMT, down 21 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.40 per barrel at 0632 GMT, down 27 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • DUBAI, Aug 26- Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...

  • DUBAI, Aug 26- Iran will help other oil producers stabilise the world market so long as fellow OPEC members recognise its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...

  • Iranian Oil Minister Bijan Namdar Zanganeh.

    Iran's oil minister said that Tehran will cooperate with OPEC to stabilize the world market.

  • DUBAI, Aug 25- Iran's oil minister confirmed on Thursday that he will attend an OPEC meeting in Algeria next month, the oil ministry's news agency SHANA quoted him as saying. On Tuesday, an OPEC source said Iran had confirmed it will participate in the meeting. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the...

  • TEHRAN, Iran— An Iranian state-run daily is reporting that authorities in Tehran have detained a Greek national they accuse of embezzling money from smuggled oil and selling three oil tankers for $100 million. The report on Thursday in the IRAN newspaper suggests the Greek national was involved in smuggling Iranian crude oil while economic sanctions were...

  • TEHRAN, Iran— The whirling hum of a dialysis machine could have been the soundtrack to the rest of Zahra Hajikarimi's life but for an unusual program in Iran that allows people to buy a kidney from a living donor. Iran's kidney program stands apart from other organ donation systems around the world by openly allowing payments, typically of several thousand...

  • Oil OPEC

    JBC Energy Group's Johannes Benigni says the supply problem is not just tied to OPEC, but also non-OPEC members that are ramping up production.

  • An armed watchman stands on the prow of the USS Nitze, moored at the Mocangue Island's Brazilian Navy base in Brazil, on April 27, 2011.

    Iran's Islamic Revolutionary Guard Corps vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said.

  • Crude oil production

    The next trough in oil prices could come just as OPEC members gather in Algeria next month – and that could make for an interesting, and more unpredictable outcome.

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...