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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The Organization of Petroleum Exporting Countries is doing its best to restore order and stability to the market with reasonable prices that are acceptable to producers and consumers alike, the group&#39;s president said Monday.
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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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The International Atomic Energy Agency adopted a resolution today welcoming Iran's suspension of its nuclear program but said it would continue to monitor it.
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Oil prices firmed above $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'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 Supreme Leader Ayatollah Ali   Khamenei said on Monday Iran would press ahead with its pursuit   of nuclear energy, indicating it will not heed a U.N. demand it   stop enriching uranium or face possible sanctions.
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VIENNA - Iran&#39;s promise to stop enriching uranium, offered on the weekend to head off threatened sanctions, has the support of the United Nations nuclear watchdog.
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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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Iran's top leaders defended a new fuel rationing plan Saturday that sparked violence earlier this week, saying it will free up funding for development projects and make the country "invincible," state-run television reported.
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Saudi Arabia does not object to OPEC raising the current price band when oil-producing nations meet Sept. 15 and is negotiating the level with other oil-rich Gulf countries, a Saudi oil official said Sunday.
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OPEC appeared willing on Wednesday to pull back from more oil output cuts, responding to consumer nation calls to hold off until winter has passed to guard against price spikes that would hurt the world economy.
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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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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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OPEC producers agreed Sunday to keep output limits on hold, convinced that oil prices near &#36;50 a barrel are not stifling world growth.
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Major Gulf oil producer Kuwait will back a hike of 1 million barrels per day in OPEC&#39;s output ceiling if crude prices remain at record levels, a move
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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