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Iran snubs Doha proposal, won’t freeze on oil output levels

TEHRAN, Iran – February 18, 2016 (AP) — Iran on Wednesday snubbed a proposal agreed to by four influential oil producers to cap their crude output if others do the same, with a senior Oil Ministry official saying Tehran has no intention of freezing oil output levels. Mahdi Asali, Iran’s OPEC envoy, said his country will in fact keep increasing ...

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Ohio pension fund wary of Kasich’s call to dump Iran investments

Not only did Gov. John Kasich add his name to a letter Tuesday from 15 governors opposing the Obama administration’s Iran nuclear deal, he is actively encouraging Ohio’s biggest pension fund to pull its money from companies that invest in the country once the current U.S. sanctions are lifted. No can do, says a spokeswoman for the Ohio Public Employee ...

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UPDATE 2-Kuwait says oil market will balance itself, must be patient

FUJAIRAH, United Arab Emirates, Sept 17 (Reuters) – Kuwait’s OPEC governor Nawal al-Fuzaia said on Thursday the oil market would balance itself but “we need to be patient,” indicating support for the producer group’s policy of defending market share despite falling prices. Speaking at the Gulf Intelligence Energy Markets Forum in the UAE emirate of Fujairah, Fuzaia said the current ...

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