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OPEC, allies cutting oil production drastically

OPEC, allies cutting oil production drastically

Tehran, Jan 19, IRNA- Organization of Petroleum Exporting Countries (OPEC), in its latest report, announced the reduction of the production of 1,200,000 barrels of oil per day of its 11 members and 10 allies for next six months.

Saturday, January 19, 2019 08:12
OPEC will hold extra meeting if output cuts 'not enough': UAE

OPEC will hold extra meeting if output cuts 'not enough': UAE

Tehran, Dec 23, IRNA - OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.

Monday, December 24, 2018 01:28
Recent OPEC resistance another blow to US: President Rouhani

Recent OPEC resistance another blow to US: President Rouhani

Tehran, Dec 9, IRNA - Iranian President Hassan Rouhani has lauded OPEC member states' resistance against US pressures in their recent meeting in Vienna, and described it as another failure for the United States.

Sunday, December 09, 2018 11:34
Oil surges 5 percent as OPEC agrees output cut

Oil surges 5 percent as OPEC agrees output cut

Tehran, Dec 7, IRNA -- Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.

Friday, December 07, 2018 09:09
OPEC decides 1.2m bpd output cut; Iran exempted

OPEC decides 1.2m bpd output cut; Iran exempted

Tehran, Dec 7, IRNA – OPEC agreed on an output cut of 1,200,000 barrels per day, exempting Iran from the supply cut decision.

Friday, December 07, 2018 06:08
Oil minister hopes OPEC discussions will bear fruits

Oil minister hopes OPEC discussions will bear fruits

Tehran, Dec 7, IRNA – Minister of Petroleum Bijan Zangeneh hopes OPEC discussions, though held in a tough atmosphere, will bear fruits.

Friday, December 07, 2018 08:54
Zangeneh: Iran not to join JMMC

Zangeneh: Iran not to join JMMC

Tehran, Dec 6, IRNA – Minister of Petroleum Bijan Zangeneh says Iran will not join the The Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) as any decision per se will need time.

Thursday, December 06, 2018 07:11
175th OPEC session starts

175th OPEC session starts

Tehran, Dec 6, IRNA – The 175th OPEC session started at its permanent headquarters in Vienna on Thursday.

Thursday, December 06, 2018 07:01
Zangeneh: Iran not to join any deal on output cut

Zangeneh: Iran not to join any deal on output cut

Tehran, Dec 6, IRNA – Minister of Petroleum Bijan Zangeneh says Iran will not join any agreement for output cut.

Thursday, December 06, 2018 06:33
Qatar withdrawal from OPEC, a strong message to Saudi Arabia: Pak economist

Qatar withdrawal from OPEC, a strong message to Saudi Arabia: Pak economist

Islamabad, Dec 6, IRNA -- Senior Pakistani economic analyst says Qatar by deciding to quit the Organization of Petroleum Exporting Countries (OPEC) is trying to send a strong message to Saudi Arabia that it can disrupt the oil market.

Thursday, December 06, 2018 01:57
Iran should be exempted from any OPEC decision: Oil Min.

Iran should be exempted from any OPEC decision: Oil Min.

Tehran, Dec 6, IRNA – As long as sanctions are in effect, Iran will not be a party to any agreement reached in the meetings of Oil Producing and Exporting Countries (OPEC) organization on the production level, said the Iranian Minister of Petroleum in Vienna on Thursday.

Thursday, December 06, 2018 11:37
Zangeneh: OPEC not taking order from Washington

Zangeneh: OPEC not taking order from Washington

Tehran, Dec 6, IRNA - Petroleum Minister Bijan Zangeneh said on Wednesday that OPEC is an independent organization and not part of US Energy Ministry to take orders from Washington.

Thursday, December 06, 2018 12:59
Petroleum minister off to OPEC in Vienna

Petroleum minister off to OPEC in Vienna

Tehran, Dec 5, IRNA – Petroleum Minister Bijan Namdar Zangeneh left Tehran on Wednesday for Austria to attend the 175th OPEC meeting.

Wednesday, December 05, 2018 07:15
Out of OPEC, Qatar can start offering Iran oil to Asia, EU: Expert

Out of OPEC, Qatar can start offering Iran oil to Asia, EU: Expert

Baku, Dec 5, IRNA – After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, said the director of the international trading and consulting company.

Wednesday, December 05, 2018 01:33
Qatar to leave OPEC

Qatar to leave OPEC

Tehran, Dec 3, IRNA- Al Jazeera TV channel announced on Monday Qatar plans to withdraw from the Organization of Petroleum Exporting Countries (OPEC).

Monday, December 03, 2018 11:24
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