Opec will not hike output, says Iran

Saudi Arabia announced on Friday that it would meet Mr. Bush's request to increase oil production, though the jump of 300,000 barrels per day was less than the president had wanted. But rather than criticize the Saudis, Mr. Bush — after a round of ...

Bush has said that a hike in oil output by Saudi Arabia would not solve American energy problems. "It's not enough; it's something but it doesn't solve our problem," Bush told reporters in Egypt's Red Sea resort of Sharm el-Sheikh on Saturday. Bush ...

Petrochemicals - Forum The eighth session of Iran's Petrochemical Forum was inaugurated here Saturday morning in the presence of Oil Minister Gholam-Hossein Nozari. The two-day gathering is participated by senior experts of oil industry from ...

Iran dismissed yesterday Saudi Arabia’s decision to boost oil output as a “political move†and said any Opec production hike would only lead to an increase in reserves, an Iranian news agency said. Oil Minister Gholamhossein Nozari ...

U.S. crude settled up $2.17 at $126.29 a barrel after touching a peak of $127.82 earlier in the day...Oil prices have risen six-fold since 2002 and doubled since 2007 as rising demand from China and other developing nations cinched spare production ...

Gholamhossein Nozari also dismissed as a �political move� Saudi Arabia's announcement on Friday of a modest hike in output after an appeal from visiting U.S...Oil prices have risen six-fold since 2002 and doubled since 2007 as rising ...

Major crude oil producer Iran said on Saturday that any output hike by the Organisation of Petroleum Exporting Countries as requested by the United States would not affect skyrocketing prices. "This would only increase inventories," Oil Minister ...

9 Tehran: Iran on Saturday said it will not increase oil output and dismissed Saudi Arabia's decision to boost oil output as a "political move", an Iranian news agency said. Oil Minister Gholamhossein Nozari was speaking a day after Saudi Arabia ...

Petrochemicals - Forum Oil Minister Gholam-Hossein Nozari invited foreign companies on Saturday to make investments in the upstream and downstream projects of the country's petrochemical industry. Nozari made the call in his address to the opening ...

The minister made the remarks on the sidelines of the eighth session of Iran's Petrochemical Forum opened here Saturday morning. The two-day conference is participated by senior experts of oil and petrochemical industries from 118 Iranian and over ...