Iran says backs OPEC push for "acceptable" oil price
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Iran will support any OPEC move to bring crude oil prices back to acceptable levels following a recent slide, Iran's OPEC Governor Hossein Kazempour Ardebili said on Sunday.
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Kuwaiti Energy Minister Sheikh Ali Jarrah al-Sabah has said that OPEC countries were &quot;satisfied&quot; with the current price of oil but were concerned about stocks.
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Major Gulf producer Kuwait will back  a hike of 1 million barrels per day in OPEC's output ceiling if  oil prices stay at record levels, a move that would bring  formal production limits in line with actual supplies.
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Iranian President Mahmoud Ahmadinejad   told U.N. Secretary-General Kofi Annan on Sunday he supported a   U.N. resolution on Lebanon and was determined to negotiate an   end to Tehran's nuclear standoff with the West.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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TEHRAN/LONDON  - OPEC officials lined up to say the exporter group could do little to tame oil prices that hit $100 a barrel for the first time on Wednesday and world markets had enough crude oil.
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Oil prices rose Tuesday as Iran dashed hopes of a breakthrough in talks with the European Union about its nuclear program.
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JAKARTA/DUBAI  - OPEC is united on the need to  raise its oil price target to an average $30 a barrel, but the  cartel has yet to agree on when to implement the higher level,  a top Iranian oil official said on Thursday.
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Iran's top leader said Saturday the country's oil and gas reserves will eventually dry up and defended the drive to produce nuclear fuel, claiming it was the only way to avoid dependence on the West for energy.
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Gulf oil ministers on Saturday shrugged off a sharp decline in oil prices, saying the market&#39;s reaction to OPEC&#39;s decision the day before to reduce output by 1 million barrels was normal.
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Iran said on Friday OPEC should  defend prices at $40 a barrel for U.S. crude, seeking to set a  higher threshold for output cuts by the oil cartel.
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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 on Saturday reiterated its call for  OPEC to pull supply back down to official quota levels and  mapped out a way to fund a long-promised production hike, a  newspaper reported.
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LONDON/SINGAPORE  - Oil prices edged higher on   Thursday as Iran looked set to defy the United Nations'   deadline for halting nuclear enrichment, raising the risk of   sanctions against the world's fourth-biggest crude exporter.
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Oil stayed well above $64 a barrel on  Thursday as the stand-off over Iran's nuclear program and  concerns over Nigerian supplies due to an oil workers' strike  supported the market.
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Iran&#39;s nuclear agreement with European governments was endorsed by the governing board of the International Atomic Energy Agency on Monday despite resistance
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OPEC was poised to keep production steady Thursday as Iran blamed the United States for high oil prices, saying threats against its nuclear program are behind much of the fear and speculation in the market.