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Tehran
set Bijan Zanganeh as oil minister ,
Iranian President Hassan Rowhani reappointed Bijan Zanganeh as oil minister , according to the list of the new government published by the media Overnmah.ogery to submit the list to parliament on Tuesday, the Aaqrarha.oaazy to Zanganeh, who is highly respected among the oil ministers of the Organization of countries (OPEC), has preferred to increase Iran's production of crude after the lifting of sanctions against Tehran and the conclusion of a recent agreement with France's Total Oil.
LONDON -
Oil prices stabilized
on Tuesday after news of shrinking crude supplies from Saudi Arabia dented the impact of increased supplies from other producers, including the United States. Saudi oil company Saudi Aramco will cut crude supplies to its customers around the world in September by at least 520,000 barrels per day, informed sources said on Tuesday. The cut is in line with Saudi Arabia's commitment to the country-led production reduction agreement (OPEC), which aims to boost crude prices that have been hit by more than three years of oversupply. But production is still high in many parts of the world and prices are still at half the level of the period from 2011 to 2014 .
Berlin -
German
exports fell more-than-expected in June, and imports fell more frequently as Europe's largest trade surplus grew, exports fell after adjustment for seasonal reasons, data showed on Tuesday.
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