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OPEC raises output by 1MM bpd

OPEC raises output by 1MM bpd

According to Reuters, OPEC has agreed to raise output by around 1 million bpd. Oil prices rose almost 3 percent on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand.

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Araqchi: Tehran May Quit Nuke Deal in Coming Weeks

Araqchi: Tehran May Quit Nuke Deal in Coming Weeks

Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said given the vague prospect of the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), there is a possibility that Tehran leaves the accord in coming weeks.

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CFT Fate after Supreme Leader remarks

CFT Fate after Supreme Leader remarks

Parliament Speaker, Ali Larijani, in answer to a question asked by a reporter on the fate of Iran joining the Combatting the Financing of Terrorism (CFT) convention, said: “I will certainly ask the Leader’s opinion on the subject; we will act on the Supreme Leader’s expertise in Parliament.”

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