Iran Complying with OPEC+ Quotas
A former Iranian OPEC governor rejected claims by authorities in crude-producing countries that output of oil in Iran has exceeded a limit set by the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+.
Iran, Iraq oil ministers discuss oil ties
The Minister of Oil Bijan Namdar Zanganeh in a telephone conversation with his Iraqi counterpart Ihsan Abdul Jabbar reviewed bilateral ties of Iran and Iraq on Monday.
Iran oil fields helps seizing Saudi market share in China
Given that oil demand from China has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimize the oil available to key ally Beijing from any and all of its fields.
Iran produces extruder blade
Experts of Jam Polypropylene Complex in the southwestern province of Bushehr have localized the production of extruder blade which is an important part of the pelletizer unit.
Zanganeh: OPEC can’t handle market situation on its own
Iran’s Oil Minister Bijan Namdar Zanganeh said the OPEC cannot solely handle the current market issues.
Rouhani: Oil Price Drop Harms Iran Less
Iran's economy would suffer fewer harms than other oil producers in the wake of the recent plunge in crude price, President Hassan Rouhani said.
Oil low on demand, warning situation
Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.
OPEC: Iran oil output drops 2,000 bpd in February
OPEC announced that volume of oil production in Iran as of February 2020 hit 2.080 million barrels per day (bpd).
Saudi Arabia, Russia raise stakes in oil price standoff
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow's overtures for new talks.
Iran Ex-OPEC Envoy Predicts More Crash in Oil Prices
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline.