Calls are growing in Tehran that the Islamic Republic should join an emerging oil freeze plan to help stabilize prices in international markets. Mehdi Assali, Irans former director general for OPEC affairs at Irans Ministry of Petroleum, said Iran should agree to the freeze plan which is expected to be raised at the upcoming OPEC summit in ...

A senior Iranian official says the fallout from a recent diplomatic row between Iran and Saudi Arabia will affect the oil market in the short term. The impactof such a political tension on the oil market will be short-lived, Irans national representative to OPEC Mehdi Asali predicted on Wednesday. As soon as the market regains confidence in oil ...

Daily look at Irans late-breaking news and upcoming events:   Oil prices up to $60pb only after 2020Iran A senior Iranian oil market expert says the price of oil will gradually rise in 2016 but will not cross $60 per barrel before 2020.   Iranian Revolutionary Guards fired rockets near U.S. warships in Gulf, U.S. claims Iranian Revolutionary ...

TEHRAN, Dec. 30 (Shana) -- A senior Iranian oil market expert says the price of oil will gradually rise in 2016 but will not cross $60 per barrel before 2020. Mehdi Assali, director for OPEC affairs at Irans Ministry of Petroleum, told a televised interview Tuesday night that the oil price slump will bring investors to the Middle East given low ...

Tehran, Dec 26, IRNA Iran says the US Congress decision to end a 40-year ban on crude oil exports by this country should not affect the market dramatically. 'The US produces light, sweet crude oil that will not be a good substitute for Iran's crude oil supplies,' said Mehdi Assali, OPEC affairs director of Irans petroleum ministry, according to Shana ...