By ISNA

VIENNA, Nov. 27 (MNA) Oil ministers of Iran and Saudi Arabia met in Vienna on Wednesday and they seem to have agreed upon the million-barrel daily OPEC cut proposal. Irans Oil Minister Bijan Namdar Zanganeh upon his arrival in Vienna told reporters that OPEC members should remain committed to production quota and that Iran is not planning to cut production....

By IRNA

Oil Minister Bijan Namdar Zanganeh has issued a pointed warning of the economic squeeze facing Iran amid critical negotiations with the 5+1 Powers for a comprehensive nuclear agreement. Facing a 30% fall in the global price of oil, Irans main export,Zanganeh said on Saturday, Iran intends to adopt a contractionary monetary policy for next year and ...

TEHRAN (FNA)- Iranian President Hassan Rouhani in a meeting with Venezuelan Foreign Minister Rafael Ramirez in Tehran on Saturday underlined the need for cooperation between Tehran and Caracas to help stabilize the crude prices in the global markets in a bid to prevent instability of international economy. "The sudden fluctuations in oil prices (negatively) ...

[caption id="attachment_129838" align="alignright" width="143"] Iranian Oil Minister Bijan Namdar Zanganeh (R) speaks with Venezuelan Foreign Minister Rafael Ramirez in Tehran on November 15, 2014.[/caption] Iranian Oil Minister Bijan Namdar Zanganeh says it is difficult for falling crude oil prices to rebound any time soon. Returning to previous ...