Mohammad Aliabadi News
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Wrestlers say their sport is one of the world’s oldest. Olympic officials who last week voted to drop it from the games are finding that it’s got some of the most vocal and passionate supporters too.
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Iran’s Mohammad Aliabadi , appointed last week by President Mahmoud Ahmadinejad as the nation’s acting oil minister, will represent the nation when OPEC members meet this week, the ministry’s news website Shana said.
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Iran named former head of the country’s Physical Education Organization Mohammad Aliabadi as acting oil minister, state-run Press TV said yesterday, citing a presidential directive.
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Oil rose to a one-week high in New York after OPEC failed to reach an agreement on production targets for the first time in at least 20 years at its meeting in Vienna today.
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OPEC failed to agree on crude production for the first time in at least 20 years, with six members opposing a Saudi Arabian push to increase output, sending oil prices above $101 a barrel.
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Iran thwarted efforts by Saudi Arabia to increase oil production at last week’s meeting of the Organization of Petroleum Exporting Countries, state-run Fars news agency reported, citing the acting oil minister.
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Oil rose for a third day in New York on speculation that OPEC’s failure to reach an agreement on output targets for the first time in at least 20 years may limit supply as U.S. inventories fell more than analysts forecast.
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Indian Oil Corp. , the nation’s biggest refiner, and state-run rivals declined in Mumbai trading as crude oil prices increased after OPEC kept output quotas unchanged.
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Oil fell in New York on speculation OPEC will increase production quotas amid evidence gains in prices may be damping economic recovery.
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Oil surged after OPEC kept production quotas unchanged. Stocks slumped, giving the Standard & Poor’s 500 Index its longest losing streak since 2009, and the yen strengthened against all 16 major peers as an unexpected slowdown in German industrial production reinforced concern that the global economy is slowing.
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