TEHRAN (Tasnim) Oil prices plummeted on Monday after Saudi Arabian officials walked away from a conference in the Qatari capital, preventing the worlds major producers from reaching an agreement to freeze their production and ease a global supply glut. Representatives of a Saudi delegation present at the Doha oil talks on Sunday walked away ...

Oil tumbled to two-month lows on Sunday after the worlds biggest producers failed to agree on freezing oil production. This lack of unanimity threatens to trigger a harsh drop in prices and may lead to the demise of OPEC in its present form. Oil ministers ofRussia, Saudi Arabia, the United Arab Emirates, Venezuela, Algeria and eleven other nations ...

Crude oil prices have taken a hit from the failure of oil-rich countries to reach an agreement Sunday on freezing production. U.S. crude oil fell $2.21 to $38.15 a barrel in electronic trading on the New York Mercantile Exchange, down 5.4 percent early Monday in Asia. It sank to a low of $37.61 a barrel, down 6.8 percent before regaining some of that ...

DOHA, Qatar (AP) -- A meeting of oil-rich countries in Qatar that had been expected to boost crude prices by freezing production fell apart Sunday as Iran stayed home and vowed to increase its output despite threats by Saudi Arabia. Oil prices, which hit a 12-year low in January by dipping under $30 a barrel, had risen above $40 in recent days, buoyed ...

TEHRAN (Tasnim) Central Bank of Iran (CBI) Chief Valiollah Seif stressed that the country has no intention to cap its crude production, adding that OPEC (Organization of the Petroleum Exporting Countries) members are to blame for the tumbling oil prices. "What Iran is doing right now is trying to get back and secure its share of the market," Seif ...

A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to what looked like a new spike in tensions between Saudi Arabia and Iran, sources told Reuters. Oil ministers met with the Qatari emir, Sheikh Tamim bin Hamad al-Thani - who was instrumental in promoting output ...

Iranian Petroleum Minister Bijan Zangeneh will not attend upcoming talks between OPEC and non-OPEC producers in Doha to find a solution to tumbling oil prices,but will send Iran's OPEC governor tothe meeting. OPEC and non-OPEC producers are set to hold a meeting in the Qatari capital on April 17 to discuss a proposed plan to freeze oil output at ...

Doubts are growing that any output deal could have a significant impact on prices LONDONOil prices fluctuated on Thursday amid market skepticism about whether major producers would agree to curb output at a meeting this weekend. Heavyweight suppliers, including Saudi Arabia and Russia, are gathering in Doha, Qatar, on Sunday for talks on limiting ...

Iranian Minister of Petroleum Bijan Namdar Zanganeh will not attend this weeks meeting among leading global oil producers to cut production, Iranian media reported Wednesday. MOSCOW (Sputnik) The Organization ofthe Petroleum Exporting Countries (OPEC) members and non-OPEC oil producers are expected todiscuss freezing oil output tocurb oversupplies ...

Moscow, April 9, IRNA Iran is going to attend talks in Doha on April 17 on a deal to freeze oil output, Russian Foreign Minister Sergei Lavrov says. Iran will take part in Doha talks to cooperate on reaching a deal with other oil producing countries on an output freeze, Lavrov said in a recent meeting with his Iranian and Azeri counterparts in ...

Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude oil production, according to a person familiar with the nations policy. Oil Minister Bijan Namdar Zanganeh will attend the discussions in Doha on April 17, said the person, who asked not to be identified as the talks are ...

Qatars media said on Wednesday that the country has invited Iran to join talks over implementing a proposed oil production freeze to help stabilize prices. Qatars Ministry of Energy and Industry has announced that all 13 OPEC members including Iran have been invited to the talks that will be held in Doha on 17 April. Russia, which is not ...