As Iran's oil exports surge, international tankers help ship its fuel
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
Russia to maintain OPEC relations, plans autumn meeting
Russia, the world's top oil producer, plans to continue its consultations with OPEC and may hold a meeting with the group this autumn, Energy Minister Alexander Novak told reporters.
OPEC fails to agree policy but Saudis pledge no shocks
Saudi Arabia promised on Thursday not to flood the oil market with extra barrels even as OPEC failed to agree on output policy, with Iran insisting on the right to raise production steeply.
Gulf OPEC members seek to revive global oil output deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday including by establishing a new output ceiling inside the group, OPEC sources said.
Oil prices slip as Iraq raises exports
Oil prices edged lower toward $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.
Beijing to adopt China's tightest fuel standards by Jan : Xinhua
Beijing plans to roll out China's tightest fuel standards by January 2017, the official Xinhua news agency reported on Monday citing the Beijing Municipal Environmental Protection Bureau, as the smog-choked city aims to drastically cut vehicle emission.
Oil slides on Iran supply, U.S. rigs; Cushing draw cuts loss
Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.
Iran has no plans to freeze oil exports, official says ahead of OPEC meeting
Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.
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