WorldOil Crude approaches 28-month high as Saudi crackdown intensifies Crude resumed its march toward levels last seen in 2015 as escalating tensions in Saudi Arabia raised concerns about stability in the region. Russian-Iranian framework established for gas sector cooperation A number of documents were signed in Tehran on the margins of the visit to the Islamic Republic of Iran by Russian President Vladimir Putin. The documents are aimed at fostering Russian-Iranian cooperation in the gas sector. Rosneft, National Iranian Oil Company sign strategic oil and gas agreement During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran, Rosneft Oil Company and National Iranian Oil Company signed an agreement termed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas.” Iran official backs extension of OPEC cuts, dismisses Trump risk Iran said it would support an extension of OPEC oil-production cuts to the end of next year, and insisted its own output plans won’t be disrupted by U.S. President Donald Trump. Regional Report: MENA Middle East/North Africa grapples with production cut commitment, despite urge to boost output Trump's red light for Iran deal: What's at stake for oil and gas Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump tries to undermine the nuclear deal that eased sanctions on OPEC’s third-largest crude producer. Iraq, Iran boost oil exports in sales battle with Saudis Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the U.S. Russia's Lukoil, Iran's national oil company partner in Persian Gulf, South Caspian A Lukoil a wholly-owned subsidiary, Lukoil-Engineering, and the National Iranian Oil Company, signed a memorandum of understanding. ​ Iran vows to sustain oil exports despite Trump's threat Iran will persist with exporting its oil to global customers, unfettered by Donald Trump’s intensifying offensive against the country, according to the Middle East nation’s state-run producer. Iran says OPEC must address rising Libya, Nigeria oil output OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.