MNA OPEC has agreed on Thursday to extend output cuts until the end of 2018 during a 14-country meeting in Vienna.
OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, Bloomberg cited unidentified delegates at a ministerial meeting in Vienna as saying.
According to the ...
MNA Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending agreements to cut oil production, said that a 6 to 9 month oil cut extension is acceptable.
Bijan Zanganeh said according to the conference outcomes and the reports issued, I suppose we have reached the general consensus ...
SHANA Iranian Minister of Petroleum Bijan Zangeneh says OPEC members are almost unanimous in extending a crude production cut plan with major oil producer Russia.
"Most proposals concern extension of the output cut plan but the final decision will be made at the upcoming meeting of OPEC members," said the official on Monday.
OPEC, Russia and ...
IRNA Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the past three years and there was consensus among the members.
After the end of the 172nd Ordinary Meeting of OPECs oil and energy ministers as well as the second Joint Meeting of OPEC and non-OPEC members, Zangeneh said,' There ...
Reuters- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
The cuts are likely to be shared again by a dozen non-members led by top oil producer Russia, which reduced ...
Sputnik News- The Organization of the Petroleum Exporting Countries (OPEC) will hold its 172nd ordinary meeting in Vienna on Thursday, followed by a ministerial meeting with non-cartel countries to agree an extension to oil output cuts.
The JMMC, the joint committee ofministers fromthe cartel and non-OPEC producers, recommended onWednesday prolonging ...
Reuters- Iran's oil minister Bijan Zanganeh said Wednesday that OPEC will continue its production curb but there is debate among members about how long it will continue, the Iranian Students' News Agency (ISNA) reported on Wednesday.
"It could be three, six or nine months," Zanganeh said.
Zanganeh said Iran will not decrease its own production ...
Reuters - OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut.
Saudi Arabia's energy minister said on Sunday that extending the supply cuts by a further nine months until next March, and adding ...
Reuters- A proposal to extend an OPEC and non-OPEC supply cut for nine months is a positive idea, sources familiar with Iranian thinking said, suggesting OPEC's third-largest producer is likely to go along with such a plan if there is a consensus.
Saudi Arabia and Russia, the world's top two oil producers, agreed on Monday on the need to extend ...
Reuters - Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world's two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until March 2018.
Brent crude was at $51.65 per barrel at 0500 GMT (1.00 a.m. ET), up 81 cents, or 1.6 percent, from ...
Barrons | Dimitra DeFotis: Saudi Arabia's energy minister indicated Monday that not only is the extension of oil production cuts likely, it could extendpast December.
The six-month production cut agreement initiated this year, with the goal of boosting oil prices, expires in June. The Organization of Petroleum Exporting Countries meetsMay 25 in ...
Bloomberg - Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil production cuts beyond June, Oil Minister Bijan Namdar Zanganeh said.
All indications are that the members want a renewal of the deal and we will go along with what they agree upon, Zanganehsaid Saturday on the sidelines of an ...
Sputnik - The Iranian petroleum minister said Saturday Tehran will agree on prolongation of the agreement on reduction of oil output reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel member states, if other parties to the deal agree to do so.
MOSCOW (Sputnik) Iran is ready tosupport prolongation ofthe agreement ...
Russia says it has cut its production of crude oil by around 300,000 barrels per day (bpd) as part of an agreement with worlds oil producers to shore up global prices.
The announcement was made by Russias Energy Minister Alexander Novak.
Novak told the domestic media that the countrys oil production in the latest record that had been registered ...
Reuters- OPEC's level of compliance with production cuts in January has been acceptable, Iran's oil minister said on Monday, expressing hope for further cooperation from non-OPEC members in the near future.
The Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output by 1.2 million bpd to 32.5 million bpd for the first six ...
Sputnik- The recent deal to freeze oil output agreed by OPEC and other major oil-producing countries has resulted in a 16 percent increase in the oil price since late November; that increase may have been even more if it weren't for Iran's massive rise in production, Vladimir Sazhin told Sputnik Persian.
According tofigures fromOPEC, Iran produced ...
Oil Price|Irina Slav: When Saudi Arabia initiated the latest OPEC discussion about an oil production cut, Iran insisted that it would only consider joining market rebalancing efforts when it reached a daily output target of 4 million barrels. Now, it is close to hitting the mark, pumping 3.9 million barrels of crude daily, according to a senior official ...
Reuters| Jonathan Saul :Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
In the past three months, Tehran has sold almost half the oil it had held in floating ...
SHANA- Minister of Petroleum Bijan Zangeneh said on Tuesday that the OPEC members consider their profit in recent historical accord of the Organization, so the major and influential states normally fulfill the agreement.
Speaking in a televised interviews Tuesday morning, Zangeneh said recent OPEC accord is an achievement for the Organization's ...
Bloomberg| Anthony Dipaola: Few countries have benefited from the oil markets 2016 recovery like Iran.
Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices rallied and won approval from OPEC last month topump even more while other members cut. The key to continued growth will be attracting ...
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