Market does not need more oil: Iranian minister
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VIENNA  - There is no need to put more oil on the market as it is well-supplied, Iranian Oil Minister Bijan Namdar Zangeneh said here on Tuesday on the eve of an OPEC meeting.
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Iranian President Mahmoud Ahmadinejad insisted Thursday that Tehran's nuclear program is peaceful and said he is "at a loss" about what more he can do to provide guarantees. "The bottom line is we do not need a bomb," he said at a news conference on the sidelines of the U.N. General Assembly.
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Iranian President Mahmoud Ahmadinejad insisted Thursday that Tehran's nuclear program is peaceful and said he is "at a loss" about what more he can do to provide guarantees. "The bottom line is we do not need a bomb," he said at a news conference on the sidelines of the U.N. General Assembly. "The time for nuclear bombs has ended," he added.
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Iranian President Mahmoud Ahmadinejad said on Sunday the country had "no reverse gear" on its way to mastering the technology to make nuclear fuel, Iran's student news agency ISNA reported.
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Iran's president proposed a bigger budget for 2008-09 to parliament on Monday that he said would promote social equality but critics fear will further stoke double-digit inflation in OPEC's second biggest producer.
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Iran's foreign minister denied Tuesday the remark of the U.N. nuclear chief that his country has temporarily slowed its nuclear program
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TEHRAN, Iran - Iran has produced a few tonnes of the gas needed to enrich uranium, a top nuclear official indicated today, confirming the country has defied international demands and taken a necessary step toward producing nuclear fuel or nuclear weapons
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The world's oil producers don't have much capacity to increase output, which should keep prices high throughout 2005, Venezuela's oil minister said Thursday.
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Iran's supreme leader on Saturday threw his weight behind a gasoline rationing scheme which sparked angry protests and left more than a dozen petrol stations burnt out in the world's fourth largest oil exporter.
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Iranian President Mahmoud Ahmadinejad's statement that Iran has 3,000 centrifuges running is not backed up by evidence, diplomats familiar with U.N. inspections said.
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Iran wants to develop previously  untapped oil fields shared with neighboring Iraq, a move that  will benefit the two countries which fought a war in the 1980s,  an Iranian oil official said on Saturday.
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Iran established its first oil products bourse Sunday in a free trade zone on the Persian Gulf Island of Kish, the country's oil ministry said.
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VIENNA, Austria -- Shrugging off calls to pump more oil, OPEC ministers decided to keep output at present levels at their meeting Friday out of fear that a softening global economy will translate into weakened demand.
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SAUDI minister Ali al-Naimi sought to take some of the heat out of the oil market, by promising that his Kingdom could pump an extra 1.5m barrels a day &#39;immediately&#39; if demand increases.
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OPEC ministers will concentrate on quota compliance rather than cutting official production ceilings to combat falling oil prices when they meet in Cairo this week, Iran's oil minister was quoted as saying on Monday.
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Oil prices steadied below $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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Iran wants to develop previously untapped oil fields shared with neighboring Iraq, a move that will benefit the two countries which fought a war in the 1980s, an Iranian oil official said on Saturday.