Oil producers agree on 9.7m bpd output cut
OPEC, Russia and other oil-producing nations agreed on Sunday to cut output by a record amount, representing around 10 percent of global supply.
Iran Helping Oil Market Stability
Iran oil minister consulted with several foreign officials about plans to restore stability to the global oil market ahead of a meeting between OPEC and its allies.
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.
Iran’s Zanganeh in Vienna to attend 178th OPEC meeting
Bijan Namdar Zanganeh arrived in Vienna on Wednesday to take part in the 178th (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) will be held on March 5.
Iran supports OPEC latest plan
Iran supports the plan for deeper crude oil cuts by the Organization of the Petroleum Exporting Countries (OPEC). if the majority agrees.
Iran first OPEC member to produce, export oil processing catalysts
Iran has become the first member state of the Organization of the Petroleum Exporting Countries (OPEC) that can produce and export sophisticated catalysts used in oil and gas processing.
OPEC production cuts further
TEHRAN (Iran News) – Saudi Arabia and Russia won backing for further OPEC production cuts on Friday as they look to head off global oversupply in 2020 and sustain prices. The group of more than 20 producers agreed to an extra 500,000 barrels per day (bpd) in cuts for the first quarter of 2020, taking […]
Oil Price Edges Lower as OPEC
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.