Parvin Faghfouri Azar

OPEC+ is Considering a Substantial Oil Production Cut

Several major producers of the OPEC+ alliance have started talks about a potential oil production cut ahead of the regular monthly OPEC+ meeting on October 5, OPEC and OPEC+ sources told Reuters on Thursday. OPEC+ meets next Wednesday to discuss the market and fundamentals situation as oil prices have fallen …

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Iran can Help Japan Fulfill Energy Needs

Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs. Paying an official visit to Tokyo, Owji held a …

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Oil Prices Slip as Dollar Scales New Peak

Oil prices fell more 1 per cent on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. Brent crude futures fell $1.08, or 1.3 per cent, to $85.19 per barrel by 0341 GMT, while U.S. West Texas Intermediate …

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