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Tag Archives: Iran

4 things to think about the Iran nuclear deal

The Western world is going insane with speculation over what eased sanctions in a new nuclear arms deal with Iran will mean. However, regardless if it is potential nuclear terrorism or further oil glut fueling fear, particular economic and political conditions will guide history from here. Numerous scenarios can be imagined from the new deal spearheaded by the United States. ...

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‘Saudi Arabia on right path for diversifying economy’

Destination Saudi Arabia . Riyadh on the map shown by pin

JEDDAH — Although Saudi Arabia has substantial financial reserves to withstand low oil prices over the next few years, recent government spending has intensified the need for longer term fiscal, environmental and resource sustainability in the Kingdom, according to a new ICAEW report. The report — Economic Insight: Middle East Q2 2015 — is produced by Cebr, ICAEW’s partner and ...

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Russia silent on when Iran oil-for-goods deal starts

GELENDZHIK, Russia – Russian officials said on Monday it was too soon to say when an oil-for-goods deal with Iran would start, contradicting a report that Moscow had already begun delivering grain under such an arrangement. The deal could help Moscow, which faces Western sanctions over the Ukraine crisis, strengthen its foothold in Iran. But an agreement between Tehran and ...

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OPEC set to hold line on output, setting aside Iran dilemma

VIENNA – OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year’s shock market therapy has revived demand and knocked back growing competition. With oil prices having stabilised at around $65 a barrel, some $20 above their January lows, there’s little appetite within the Organization of the Petroleum Exporting Countries to modify production ...

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Iran deputy oil min says OPEC unlikely to cut output

KUALA LUMPUR – The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday. Asked if OPEC would cut output at the upcoming June 5 meeting, Iran’s Deputy Oil Minister Rokneddin Javadi told Reuters: “I don’t think so.” Iran, along with Venezuela, has ...

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