Opec ministers don’t rule out renewing output reduction
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
Iran
UK PM May signals support for Iran nuclear deal
Theresa May has signalled her continued support for the international nuclear deal with Iran, as her Israeli counterpart urged her to join Donald Trump in imposing fresh sanctions against Tehran.
US measures have no effect on Iran’s negotiations with int’l firms: Oil official
Fresh US sanctions against OPEC member state Iran have had no effect on talks between the Islamic Republic and international oil companies, it has been claimed.
Oil near $54 as Iran tensions offset US drilling ramp up
Oil traded near $54 a barrel as increased tension between Iran and the U.S. countered expectations of rising American production.
Tensions rise as Trump prepares new Iran sanctions
Tensions between the U.S. and Iran escalated as President Donald Trump prepared new sanctions and told Tehran it’s “playing with fire,” prompting Iran to respond that it won’t be bullied.
President Trump puts Iran ‘on notice’ after missile test
President Donald Trump has said his administration has put Iran “on notice”, echoing comments from his top national security adviser that the US will act against Iran unless it stops testing ballistic missiles.
Iran refinery set for $3bn investment after China agreement
Tehran and Beijing will ink a contract worth $3billion in the coming weeks to upgrade Iran’s oil refining capacity, a news report said yesterday.
Iran, China to sign $3bln contract to upgrade refining capacity
Iran and China plan to sign a $3billion contract as they upgrade Iran's oil refining capacity.
Iran’s oil minister confident of output deal, predicts prices will rise
Iran's oil minister said he was confident both OPEC and non-OPEC members would commit to the output cut deal agreed in November.
Iran imports of uranium ‘approved’
The US and five other world powers have approved Iran importing as much as 130 tons of uranium, Iran’s English language Press TV reported.
India’s oil imports from Iran surge to record high
India's oil imports from Iran surged to a record high last year as some refiners resumed purchases following the lifting of sanctions against Tehran.
National Iranian Oil Company in talks with Philippines over crude oil exports
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Inpex a candidate for Iran field development
Japanese firm Inpex has signed a memorandum of understanding for the development of an Iranian oilfield in which it used to hold a stake, a news report said.
BP bows out of Iran bid, report says
BP has passed up on the chance to take part in a tender for exploration and production rights in Iran, a news report said, citing unidentified sources.
Iran qualifies CNPC to Total for bidding on energy projects
Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy.
Crisis-ridden Brazil lures Iran and India on oil deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states, according to politicians, a diplomat and other people close to the talks.
2016: The year of Iran
On January 16, 2016 Iran celebrated the so-called Implementation Day. The milestone date saw the majority of the EU sanctions lifted, paving the way for North Sea firms to consider new frontiers.
UN ‘warns Iran about Uranium enrichment CAP’
Iran has been warned that unless it slows its uranium enrichment process, it could soon break through a cap on material which could be used to make a bomb, diplomats have said.
Opec deal unlikely to lead to major market rebalancing, researchers say
Analysts have poured cold water on the idea that the recent output deal from Opec and non-Opec countries will lead to a major rebalancing of the oil market.
Iran sanctions become law without Obama’s signature
US president Barack Obama has unexpectedly declined to sign legislation renewing sanctions against Iran - but has let it become law anyway.
Gazprom Neft, NIOC agree study into development of fields in Iran
Russian oil producer Gazprom Neft and the National Iranian Oil Company (NIOC) have agreed to conduct a study into the possible development of two oil fields in Iran.
Theresa May to tell Gulf leaders Iran nuclear agreement must stand
Theresa May is throwing her political weight behind the Iran nuclear deal after sustained attacks on the agreement by US President-elect Donald Trump.
Opec’s output deal: What we know so far
The heads of Opec member countries will meet in Vienna today in an attempt to hammer out a deal on production cuts.
Five dead after offshore helicopter crash
Five people are dead after their helicopter crashed into the sea during an offshore rescue operation.
Iran said to assess 1.1million barrel-a-day collective OPEC cut
Iran is assessing a proposal for a collective OPEC output cut, but hasn’t announced any commitment to reduce its own production as the group tries to end disagreements about how to share the burden of supply cuts ahead of a meeting in Vienna.