Iran has announced it is willing to support any measures to boost crude oil prices discussed during the OPEC meeting next week.
Iran | Offshore Post
Saudi Aramco just announced it has lowered the price of its Arab Light crude by the most since October 2015, showing it does not intend to change its plans amid Iran’s strong revival.
The National Iranian Oil Company has successfully installed platform 19A of the supergiant South Pars gas field at its designated offshore spot on Saturday
ExxonMobil shuts office in Azerbaijan after offshore oil and gas projects within the area remain on hold due to political wrangling with neighbour Iran.
Renewed oil price hopes after OPEC Russia pact on freezing oil production rates at January 2016 levels, although not all members are onboard.
Oil price rise hopes after Iran hints at negotiations with Saudi Arabia, that could see the first positive move in reducing the overwhelming global oil glut.
Global oil prices have taken a sharp slide after a deal was reached between global leaders and the Iran to lift sanctions in return for Iran limiting its nuclear activity.