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Iran oil minister blames OPEC oversupply for low crude prices Read more at Reutershttps://www.reuters.com/article/iran-opec-idUSL8N13V09I20151206#oDjzOwvygV1T3adb.99

OPEC members that supply too much crude oil to the market are responsible for low prices, Iran’s oil minister said on Sunday, two days after the cartel failed to agree on a production ceiling. The Organization of the Petroleum Exporting ...

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Iran oil set for monthly decline as OPEC seen standing firm on supply

Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week. Futures were little changed in New York and down 11% in November. ...

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Iran to Raise Oil Output ‘at Any Cost’ to Defend Market Share

Iran plans to raise oil production “at any cost” to defend the country’s market share and joins calls for an emergency OPEC meeting to help shore up crude prices. “We will be raising our oil production at any cost and ...

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South Korea, Greece and India tops list of Iran’s oil debtors

Iran’s pending financial demands from world petrochemical complexes and refineries have exceeded USD 18 billion, with Greece and South Korea on top of the list. Greek refineries, British-Dutch-owned Shell refineries, British Petroleum, South Korean Petrochemical and Polymer Company, along with ...

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