Hossein Kazempour Ardebili

Brent rises above $80 as OPEC stops short of pledging more output

Brent crude climbed above $80 a barrel after OPEC and its allies signaled less urgency to boost output despite U.S. pressure to temper prices. Futures in London rose as much as 1.7%. OPEC and its partners gave a tepid response to U.S. …

Brent rises above $80 as OPEC stops short of pledging more output

Iran, Iraq and Venezuela to veto Saudi-proposed supply boost

Iran, Venezuela and Iraq intends to block a proposal to increase oil production backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. "Three OPEC founders are going to stop it," Iran’s …

Iran, Iraq and Venezuela to veto Saudi-proposed supply boost
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