For Saudi Arabia, bad news in the oil market has rarely been such a vindication. Two weeks ago, the world’s biggest crude exporter stunned energy traders.
Stating that the export of 2.3 million barrels is possible, Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.
The extension of the OPEC+ production cut deal by three to six months will swing the oil market into a deficit next year, TASS reported, citing documents produced by the joint ministerial committee
Iraq, the United Arab Emirates (UAE), and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts
September 14, 2020 marks the sixtieth anniversary of the Organization of the Petroleum, Exporting Countries or OPEC.
OPEC has managed to raise crude prices and stabilize the oil market, Iran's Oil Minister Bijan Namdar Zanganeh said Monday.
World economy in the energy sector has a momentary look at the oil market and it actually knows it is impossible to stop this look in the short time.
During those days that the Coronavirus pandemic had spread wave of fear and concerns worldwide
Oil prices face a crash as much as 30% within seconds of the market opening on Sunday evening.
Iran Permanent Representative to the International Organizations in Vienna Kazem Gharibabadi and Secretary-General of the OPEC Mohammad Barkindo held a met and held talks on Thursday.