Asia’s Oil Market , Post-Coronavirus Era
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.
OPEC agree to extend oil production cuts through July
OPEC members and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices tentatively recover and coronavirus lockdowns ease.
New OPEC Governor of Iran Appointed
Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia was officially appointed as Iran’s OPEC governor.
OPEC, Russia set to extend oil cuts, push for compliance
OPEC, Russia, and their allies hold talks on Saturday on extending record oil production cuts that have doubled oil prices since April.
Zarif, Zanganeh offer condolences on passing of Iran OPEC governor
Foreign Minister Mohammad Javad Zarif and Oil Minister Bijan Namdar Zanganeh have offered commiserations on the passing of OPEC Governor of Iran, Hossein Kazempour Ardebili.
US Oil Companies Cutting Production Faster Than Expected
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
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.
US sanctions made Iran ready to face unprecedented oil prices fall
First Vice President Es’hagh Jahangiri said on Tuesday that due to the US sanctions, Iran is in readiness for coping with the unprecedented drop in oil prices.
Oil Price May Slump Further If Deal Fails
Iran's former OPEC governor Mohammad Ali Khatibi believes if oil exporting countries do not respect their deal, the oil price may fall further.
Iran Exempted from OPEC+ Output Cut Deal
Iran Oil Minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.