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OPEC Archives - Page 3 of 11 - Iran News Daily
Gov’t Predicts Oil Sales of Up to 2.3m bpd Next year 06 Dec 2020

Gov’t Predicts Oil Sales of Up to 2.3m bpd Next year

Mohammad Baqer Nobakht says Iran is fully ready to export 4.6m bpd of crude oil in case the sanctions are lifted by the U.S. but in the budget bill, it is predicted the country to sell between 1 to 2.3m bpd next year.

OPEC+ considers delay output hike, but faces a U.S. shale industry 30 Nov 2020

OPEC+ considers delay output hike, but faces a U.S. shale industry

TEHRAN (Iran News) – Oil-producing group OPEC+, and its allies, will likely delay an output hike at its meeting this week as it weighs positive vaccine news against new coronavirus lockdowns and resurgent shale drilling in the U.S. The coalition known as OPEC+, which comprises some of the world’s largest crude producers, will begin a […]

Oil Near $41 With OPEC+ Set to Meet on Output Hike Delay 17 Nov 2020

Oil Near $41 With OPEC+ Set to Meet on Output Hike Delay

Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts.

Oil climbs higher, hopes of OPEC+ 16 Nov 2020

Oil climbs higher, hopes of OPEC+

The group, also known as OPEC+, has been cutting production by about 7.7 million barrels per day, with a compliance rate seen at 101% in October, and had planned to increase output by 2 million bpd from January.

OPEC Rebel Over Production Cut Extension 31 Oct 2020

OPEC Rebel Over Production Cut Extension

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

OPEC chief says rising infections may delay oil recovery 28 Oct 2020

OPEC chief says rising infections may delay oil recovery

OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market.

Oil , OPEC , Russia and the U.S. 03 Oct 2020

Oil , OPEC , Russia and the U.S.

With beginning of the autumn, the oil market atmosphere is tending toward boom.

Sixtieth Anniversary of OPEC: Pivot of Global Oil Market 15 Sep 2020

Sixtieth Anniversary of OPEC: Pivot of Global Oil Market

September 14, 2020 marks the sixtieth anniversary of the Organization of the Petroleum, Exporting Countries or OPEC.

OPEC Stabilizing Crude Price Appreciated 18 Aug 2020

OPEC Stabilizing Crude Price Appreciated

OPEC has managed to raise crude prices and stabilize the oil market, Iran's Oil Minister Bijan Namdar Zanganeh said Monday.

Oil Ministry Dishes Out 1.5b Euros in Oil Contracts to Domestic Firms 18 Aug 2020

Oil Ministry Dishes Out 1.5b Euros in Oil Contracts to Domestic Firms

Oil ministry has signed 13 contracts worth roughly €1.5 billion with 14 local firms to enhance and maintain oil production.