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OPEC Archives - Page 2 of 12 - Iran News Daily
High Oil Prices Not to Benefit Producers in Long-Run 20 Jul 2021

High Oil Prices Not to Benefit Producers in Long-Run

Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.

OPEC pays tribute to Iran’s veteran oil minister 03 Jul 2021

OPEC pays tribute to Iran’s veteran oil minister

The Organization of Petroleum Exporting Countries (OPEC) in its 181st meeting in Vienna on Thursday paid tribute to Iranian Oil Minister Bijan Namdar Zanganeh for his long-lasting contribution to the organization and the oil market.

Iran’s Return to Oil Market Is the Main Task 03 Jul 2021

Iran’s Return to Oil Market Is the Main Task

Oil Minister Bijan Zangeneh said after the 181st Meeting of the OPEC Conference that the main responsibility of the next petroleum minister is to help Iran return to the oil market and get our lost market share back which was caused by the sanctions.

Iran will return to oil market as soon as sanctions are lifted 02 Jun 2021

Iran will return to oil market as soon as sanctions are lifted

Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported.

Oil Prices Retreat As Biden Plans Major Federal Tax Hike 16 Mar 2021

Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50...

Oil Prices Drop As Traders Take Profits 10 Mar 2021

Oil Prices Drop As Traders Take Profits

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases.

OPEC+ Surprise Sends Oil Past Gulf Budget-Balancing Levels 08 Mar 2021

OPEC+ Surprise Sends Oil Past Gulf Budget-Balancing Levels

Oil soared past fiscal breakeven prices for the Middle East’s four biggest producers after OPEC+ kept output largely unchanged and an attack on a highly protected Saudi Arabian oil facility.

Oil extends gains on OPEC+ supply restraint 06 Mar 2021

Oil extends gains on OPEC+ supply restraint

Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market 02 Mar 2021

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market

Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.

Oil hits highest level in one year 06 Feb 2021

Oil hits highest level in one year

Oil prices hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.