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Tag: Iranian

OPEC: Venezuelan, Iranian monthly oil production down in September

OPEC: Venezuelan, Iranian monthly oil production down in September

Business
Oct. 11 (UPI) -- Oil production in Venezuela, a country with the world's biggest reserves, reached a new low in September as it goes through political and economic instability, declining 3.4 percent in September from August. Production has now reached its lowest point since the 2002-2003 PDVSA oil strike -- in addition to Iranian output also falling. According to monthly data released Thursday by the Organization of Petroleum Exporting Countries, or OPEC, and which it attributed to "secondary sources," the country's September production was just under 1.2 million barrels per day, down 42,000 barrels per day from August. Venezuelan officials confirmed a decline to OPEC, but at a higher level. According to the figures reported and described as coming from "direct communication" with Venezue...
Crude oil stays steady with Iranian sanctions just a month away

Crude oil stays steady with Iranian sanctions just a month away

Business
Oct. 5 (UPI) -- Crude oil prices stayed steady Friday after a volatile week that saw the highest prices in four years.WTI crude was up 26 cents to $ 74.59 a barrel in mid-day trading while Brent was up 9 cents to trade at $ 84.67 a barrel. "Fundamental dynamics have shifted in favor of the bears this week with a huge build in commercial crude oil stocks and news that Saudi Arabia and Russia made a private agreement weeks ago to increase output to help offset the declining exports from Iran," said Tyler Richey, co-editor of the Stevens Report. On Nov. 4, sanctions will go into effect that will prohibit countries from buying Iranian crude oil. The Trump administration wants to cut off money from the Iranian regime to pressure the leaders back into a new nuclear agreement. Oil prices are up...
Israel strikes Syria, downs Iranian drone, as F-16 crashes

Israel strikes Syria, downs Iranian drone, as F-16 crashes

World
In its most serious engagement in neighboring Syria since fighting there began in 2011, Israel shot down an infiltrating Iranian drone Saturday and struck Iranian targets deep in Syria before one of its own jets was downed. The sudden escalation offers what could be a harbinger of what lies ahead as the Syrian fighting winds down and an emboldened Iran establishes a military presence that Israel vows it will never accept. Israel has issued several stern warnings of late about the increased Iranian involvement along its border in Syria and Lebanon. The Israeli Cabinet just held a meeting near the Syrian border to highlight the new threats, which it attributes to Iran's growing confidence given the success of the government of Bashar Assad in the Syrian civil war thanks to their support. Is...
Iranian women arrested for removing mandatory hijabs in public protest

Iranian women arrested for removing mandatory hijabs in public protest

World
Tehran police arrested 29 people on Thursday after an unprecedented protest against the legal requirement that women must wear headscarves in public took place this week, according to Iranian media reports. In a symbolic move, at least six women climbed on utility boxes on busy streets in Tehran on Monday, took off their headscarves, or hijabs, put them on sticks and waved them for some minutes. The photos went viral on social media networks with the hashtag #NoToCompulsaryHijab. Omid Memarian, an Iranian journalist, tweeted, "A growing number of women are removing their mandatory head scarves & waving them on the streets of Tehran: a courageous symbol of civil protest against the hijab; forced on women in Iran for decades. Six women so far and it seems they're just starting!" The ...
Russia drafts agreement to tap Iranian oil fields

Russia drafts agreement to tap Iranian oil fields

Business
July 28 (UPI) -- An agreement with an Iranian engineering services company expressed mutual interest in working in the oil fields of Iran, a Russian energy company said.Russian energy company Gazprom Neft signed a memorandum of understanding with Iran's Oil Industries' Engineering & Construction. The agreement confirms "both companies' mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran," the Russian company stated.The memorandum came as both sides faced pressure from U.S. lawmakers. On Tuesday, the U.S. House of Representatives, in a 419-3 vote, opted to toughen sanctions on Iran, North Korea and Russia. House Speaker Paul Ryan said the measure "tightens the screws on our ...