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, OPEC, will maintain the oil prices reference band unchanged in the coming meeting scheduled for September 15 in Vienna, said Purnomo Yusgiantoro, OPECâs president.
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Iran Sunday rejected European demands it abandon sensitive nuclear activities but reiterated its readiness to provide assurances that its atomic ambitions are entirely peaceful.
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Iran rejected Western pressure for an  immediate response to an international offer of incentives to  suspend uranium enrichment on Tuesday, telling the European  Union the proposal lacked proper legal guarantees.
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VIENNA : Nigeria opposes an increase in OPEC&#39;s production quota but wants the 11-member cartel to lift an official price band to be more in line with market reality, the country&#39;s top oil official said.
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Iran, OPEC's second-biggest producer,  will comply with the cartel's decision to curb excess output  and pump crude oil at its official quota, an official said on  Wednesday.
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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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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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VIENNA, Austria -- Oil prices rose above $62 a barrel Thursday as OPEC delegates said they had agreed in principle to leave production unchanged for now but set the stage for a likely cut of half a million barrels a day in February.
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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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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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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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OPEC on Thursday prepared to leave oil  supply quotas unchanged and keep pumping at full capacity,  rejecting a push for a production cut by host Venezuela, the  cartel&#039;s leading price hawk.
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Major Gulf oil producer Kuwait will back a hike of 1 million barrels per day in OPEC's output ceiling if crude prices remain at record levels, a move that would bring the cartel's formal production limits in line with actual supplies.
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Oil prices firmed on Monday after a   slide under $70 as dealers braced for several weeks of inaction   on Iran's nuclear dispute with the West.
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OPEC has stressed its view that high oil prices were a result of speculation and pledged to provide enough crude to calm global markets, while an energy research group warned prices could remain high for some time.
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VIENNA : OPEC insisted that high oil prices were a result of speculation and vowed to provide enough crude to calm global markets, while an energy research group warned prices could remain high for some time.