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Oil falls 1% amid dollar strength; demand picture still bullish

Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.

Oil hits new high near $75 on demand rise, falling inventories

Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories.

Oil prices rise as demand improves, supplies tighten

Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.

Oil rises to fresh multi-year highs on demand recovery

Oil prices rose on Friday to fresh multi-year highs and were set for their third weekly jump on expectations of a recovery in fuel demand in the United States, Europe and China as rising vaccination rates lead to an easing of pandemic curbs.

Iran to restore crude output to pre-sanctions level within a month: NIOC official

Iran prepared to ramp up oil output quickly: NIOC

Iran is planning a speedy increase in its oil output, a senior Oil Ministry official said on Wednesday, as talks continue between Tehran and P4+1 – the remaining signatories to the Iran nuclear deal – to lift US sanctions that have seen it pumping far below capacity since 2018.

Iran’s envoy, OPEC head discuss oil market

Iran’s permanent representative to the Vienna-based international organizations Kazem Gharibabadi held talks with Secretary-General of OPEC Mohammed Barkindo on Monday evening and discussed oil market and bilateral ties.

OPEC: Higher Iranian supply to cause no problem in oil market

Mohammad Barkindo, the secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) said he did not expect higher Iranian supply to cause problems.

Zanganeh: Iran oil output could reach 6.5 mbd

Iran’s oil minister said the country has the capacity to increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with the Islamic Republic.

Iran to sign deals with local firms to study Azadegan oilfield

The National Iranian Oil Company will sign three agreements with local firms Monday to study the giant Azadegan oilfield that it shares with Iraq, according to a statement on NIOC’s website.

Iran's possible return to oil markets likely to dominate OPEC+

Iran's possible return to the global oil market is likely to dominate the gathering of OPEC+, the supergroup headed by Saudi Arabia and Russia that also includes Tehran.

Iranian tanker seized by Indonesia released after four months

An Iranian-flagged tanker seized by Indonesia in January over allegations of illegal transfer of crude oil has been released, Indonesian officials and Iranian national TV said on Saturday.

Japan, India could resume Iran oil imports after sanctions removal

Japanese refiners could resume oil imports from Iran as early as three months after confirming Iranian sanctions are being lifted, Petroleum Association of Japan President Tsutomu Sugimori said on Thursday.

Oil inches higher as upbeat demand outlook counters supply concerns

Oil prices inched higher on Friday, with Brent holding near $70 a barrel as US economic data and expectations of a rebound in global demand outweighed concerns about more supply from Iran once sanctions are lifted.

Iranian supplies won’t halt oil price surges: Goldman Sachs

A potential return of Iranian crude supplies into the global markets won’t stop a surge in oil prices being fueled by a recovery in demand after an easing of coronavirus restrictions around the world, said the Goldman Sachs bank.