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Iranian minister to visit India, discuss tackling US curbs

Iranian minister to visit India, discuss tackling US curbs

Times of India writes that Iran will send its deputy foreign minister Abbas Araqchi for talks with New Delhi next week, as both countries try to find the best way of steering through the coming sanctions that will be imposed by the US from November 4.  

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US discusess Iran oil sanctions with Saudi leaders

US discusess Iran oil sanctions with Saudi leaders

Nick Wadhams writes in Bloomberg tha U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets as Washington presses nations to stop buying Iranian oil by Nov. 4, a senior State Department official said.  

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The 25 most powerful countries on earth

The 25 most powerful countries on earth

US News writes that the world’s most powerful countries also are the ones that consistently dominate news headlines, preoccupy policymakers and shape global economic patterns. 
 

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Iran is the solution to OPEC's problems

Iran is the solution to OPEC's problems

Julian Lee writes in Bloomberg LP that President Donald Trump has once again taken to Twitter to slam OPEC for driving up oil prices. The group is a useful scapegoat on which to pin the blame for rising gasoline prices at home, but getting it to pump more crude won’t bring them down for long.

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Iran's threat spikes oil prices

Iran's threat spikes oil prices

RT writes that West Texas Intermediate (WTI), the US benchmark, has surged to $75 per barrel for the first time since the oil crisis of 2014. The movement came after Iran reportedly threatened to disrupt oil shipments from the Middle East Gulf if Washington pressed ahead with sanctions against Iran. On Wednesday, the WTI slipped to $74.59 per barrel, still one of the highest marks in over three years.  

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Zangeneh warns against violation of OPEC agreement

Zangeneh warns against violation of OPEC agreement

The Iranian Minister of Petroleum has written a letter to the rotating chairman of OPEC, announcing: “Any increase in production by any member of OPEC beyond the stated quotas is contrary to the agreement of the organization.”  

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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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