Iran is sending positive signals that it may support joint action to prop up the oil market, sources in Opec and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.
Opec will probably revive talks on freezing oil output levels when it meets non-Opec nations next month as top exporter Saudi Arabia appears to want higher prices, according to Opec sources, although Iran, Iraq and Russia present obstacles to
UAE's Etihad Airways will not be hiring non-operational staff 'until the end of year', said a report citing the airline's president and CEO James Hogan.
The hiring freeze, which was introduced in the first quarter,
Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted as saying, as the country tries to raise its crude exports to pre-sanctions levels.
"Under the present c
Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Saturday.
Indonesia's governor to the Organization of the Petroleum Exporting Countries (Opec) said on Monday that oil at $45 a barrel was "not bad" and that there would be no urgency to freeze output if crude remained at that price.
Oil-producing nations will discuss an oil output freeze at Opec's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha.
Iran is determined to recover its share of the world oil market following the lifting of sanctions, and can withstand low prices since it has sold oil for as little as $6 a barrel in the past, a source close to Iranian oil policy said.
Saudi Arabia demanded on Sunday that Iran join a global deal on freezing oil output, jeopardising an agreement between Opec and non-Opec producers that was supposed to help ease a glut and prop up the price of crude.
Some 18 Opec