The secretary general of the Organization of the Petroleum Exporting Countries(OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market. Iran and Venezuela are among the most important founding members of OPEC. Their role is great ...

Iranian Oil Minister Bijan Namdar Zanganeh has supported calls within the Organization of Petroleum Exporting Countries (OPEC) for continued cuts to global supply of crude, saying the oil cartel is right to be cautious about the future of a market which has been deeply affected by the spread of the coronavirus pandemic. Zanganeh said after a Monday ...

Tehran Times | Haniyeh Sadat Jafariyeh: President of Vienna Energy Research Group believes the Iranian economy was oil-reliant but the country learnt, under US sanctions, how to scaffold its oil industry and economic structure over the years. Presently, Iran is not a loser in the coronavirus-hit global oil market. Under the coronavirus pandemic,...

SHANA Look at these remarks made by heads of states in the aftermath of sinking oil prices and demand destruction caused by the coronavirus outbreak: "We will not give in to Saudi oil extortion", "Coronavirus and Saudi Arabia are the cause of falling oil prices", Russia's energy minister was the first to tell the media that OPEC+ production cuts ...

SHANA -- The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments following the spread of the Coronavirus in China. During a meeting held at the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Kazim ...

SHANA Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel, adding, Efforts must be made to ensure the market balance. Speaking to reporters, Zangeneh said on Monday about an extraordinary ministerial meeting of the Organization ...

Reuters - Irans Oil Minister Bijan Zanganeh said during a trip to Moscow on Wednesday that the global oil market was in a normal condition following an attack on Saudi oil infrastructure earlier this month. There is currently a little surplus on the supply side of the oil market, he told reporters. He added that Tehran was not taking any steps to ...

SHANA -- Iranian Minister of Petroleum Bijan Zangeneh said he would call on his Russian opposite number to prevent politicization of the oil market. "I will stress my stances in Russia that the oil market must remain depoliticized so that unilateral and illegal disruptions in the market are prevented, he said upon arrival in the Moscow Airport on ...

Tehran Times As expected, oil markets started Monday trading with an unprecedented jump in prices following the attacks on Saudi Arabias oil facilities which wiped nearly five percent of the global oil supply from the market. Drone attacks claimed by Yemens Houthis on Saturday struck two of Saudi Aramcos major oil facilities in Khurais and Abqaiq ...

MNA Anthony Cartalucci says it surely is no coincidence the US is targeting virtually every major energy producer from Iran, Venezuela, and Russia, but also including its own "allies" such as Saudi Arabia. Following drone attacks on Saudi oil plants by Yemenis, the White House said on Saturday that the United States was committed to keeping oil ...

MNA The White House said on Saturday that the United States was committed to keeping oil markets well-supplied in the wake of an attack on Saudi Arabian oil plants by Yemen. The United States strongly condemns todays attack on critical energy infrastructure, White House spokesman Judd Deere said in a statement. Deere confirmed that US President ...

MNA Omid Shokr says Saudi Arabia is playing active diplomacy with some of Iran's oil consumers in China and India to get more share of the energy market. Tensions between Iran and the US in the Persian Gulf region has resulted in recent measures of the Persian Gulf littoral states' logical moves which are based on their national interests and logic ...

MNA Iranian Minister of Petroleum, Bijan Zanganeh, stressed that neither Saudi Arabia nor the UAE nor any other country can ever replace Irans oil in the global market. The oil market is under strain from an escalation of US pressure policy on Iran, which is a key OPEC producer with more than 2 million bpd. After pledging to drive Irans oil ...

National Interest | Connor Sutherland: Reading Ilan Goldenberg recently described for Foreign Affairs what a war with Iran would look like. His analysis was informative, vivid and harrowing. But while his attention was focused primarily on the Middle Eastern theatre, I was wondering how such a skirmish would play out here in the United States. Specifically,...

Tasnim Iranian Oil Minister Bijan Namdar Zanganeh, who is in the Austrian capital of Vienna to attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC), is on a mission to preserve the Islamic Republics share of the global oil market. OPEC members plan to meet later on Monday in Vienna followed by a meeting with non-OPEC ...

CNBC - Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister Alexander Novak told CNBC Sunday. Asked about tensions in the Middle East, Novak said that problems in the region were becoming greater and greater, but added that the U....

Bloomberg | Grant Smith: Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Disappointing fuel consumption in China, Japan and Brazil meant 2019 started with a tough quarter, the agency ...

Press TV - The United States' insistence on zeroing out Iran's oil exports is starting to cause all kinds of commotion in the global market, keeping confused both experts and buyers as they look straight into what is shaping up to be a chaotic chapter for the petroleum industry. Iranian officials and experts across the world seriously doubt that ...

SHANA Iranian Minster of Petroleum Bijan Zangeneh said on Wednesday that the oil market could not be managed by mere US statements. Addressing a press conference on the sidelines of the 24th Iran Oil Show, he said, Global affairs are not as easy as thought by the US and its instigators. The oil market could not be controlled by mere statements....

Bloomberg | Pratish Narayanan: Six months after the U.S. rocked oil markets by letting Iranian exports continue, its decision to end sanctions waivers that allowed shipments is also set to reverberate across the globe. The U.S. is said to announce Monday morning in Washington that it wont renew exemptions from its sanctions to buyers of Iranian ...