OPEC agrees on oil cut extension to end of 2018
MNA – OPEC has agreed on Thursday to extend output cuts until the end of 2018 during a 14-country meeting in Vienna.…
Tag Archives: oil freeze
9-month oil cut extension acceptable
MNA – Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending…
Most OPEC members agree with cut plan extension: Iran
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says OPEC members are almost unanimous in extending a crude production cut plan with…
Petroleum minister hails OPEC Meeting
IRNA – Petroleum Minister Bijan Zangeneh said that the recent OPEC Meeting in Vienna was smooth compared to those held over the…
OPEC extends oil output cut by nine months to fight glut
Reuters– OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the…
OPEC to hold talks with non-cartel oil producers on cuts extension on Thursday
Sputnik News– The Organization of the Petroleum Exporting Countries (OPEC) will hold its 172nd ordinary meeting in Vienna on Thursday, followed by…
Iran: There is debate over length of OPEC-led oil output cut extension – ISNA
Reuters– Iran’s oil minister Bijan Zanganeh said Wednesday that OPEC will continue its production curb but there is debate among members about…
OPEC heads towards supply cut extension as Saudi signals most on board
Reuters – OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday,…
Iran likely to back longer OPEC-led oil cut if all on board: sources
Reuters– A proposal to extend an OPEC and non-OPEC supply cut for nine months is a positive idea, sources familiar with Iranian…
Oil jumps after Saudis, Russia say supply cut to be extended to March 2018
Reuters – Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia…
OPEC oil cuts? Saudis, Russia, Iran & even China agree
Barrons | Dimitra DeFotis: Saudi Arabia’s energy minister indicated Monday that not only is the extension of oil production cuts likely, it…
Iran will go along with whatever OPEC decides on crude cutbacks
Bloomberg – Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil…
Iran ready to support extension of OPEC, Non-OPEC oil output cut deal
Sputnik – The Iranian petroleum minister said Saturday Tehran will agree on prolongation of the agreement on reduction of oil output reached…
Russia says cut oil production by 300,000 bpd
Russia says it has cut its production of crude oil by around 300,000 barrels per day (bpd) as part of an agreement…
Iran describes OPEC compliance with oil cuts as ‘acceptable’
Reuters– OPEC’s level of compliance with production cuts in January has been acceptable, Iran’s oil minister said on Monday, expressing hope for…
Iran making the most of OPEC deal, oil exports reach record levels
Sputnik– The recent deal to freeze oil output agreed by OPEC and other major oil-producing countries has resulted in a 16 percent…
Iran close to hitting 4-million-Bpd output target
Oil Price|Irina Slav: When Saudi Arabia initiated the latest OPEC discussion about an oil production cut, Iran insisted that it would only…
Iran capitalizes on OPEC oil cut to sell millions of barrels – sources
Reuters| Jonathan Saul :Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea,…
Zangeneh hopes for full implementation of OPEC accord
SHANA- Minister of Petroleum Bijan Zangeneh said on Tuesday that the OPEC members consider their profit in recent historical accord of the…
Iran’s OPEC win lacks substance without deals with big oil
Bloomberg| Anthony Dipaola: Few countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased…
Oil price to ّfirmly settle at $54-55/d: Iran
SHANA- Iran says the price of oil will firmly be settled at $54 or $55 per barrel. Following a meeting with…
NIOC chief: Iran reserving high standing in OPEC
SHANA- Managing Director of National Iranian Oil Company (NIOC) Ali Kardor says Iran reserves a high standing in OPEC. Kardor told a…
Iran’s oil minister says non-OPEC countries agree to cut oil production by 600,000 barrels
TASS- Countries outside OPEC are going to reduce oil production by 600,000 barrels per day from January 1, 2017, Iranian Oil Minister…
Nigeria, Iran should develop capacities for deeper relations – Ambassador Zarchi
Daily Trust| Abdullateef Salau: Daily Trust: Will Iran allow a major cut in oil production to beef up international price as agreed…
Why OPEC deal is a double-edged sword for Iran
Al Monitor| Dr. David Ramin: The Organization of Petroleum Exporting Countries finally agreed to cut oil production at its Nov. 30 meeting in…
Iran regaining its oil power through active diplomacy
Iran Review| Mohammad Khajouei: Following a short period of stagnation, Iran’s oil and gas industry has come to life again and is…
Rouhani stresses need for sustained OPEC consultation for market stability
IRNA – President Hassan Rouhani in a telephone conversation with his Venezuelan counterpart President Nicolas Maduro on Thursday said that continuation of…
OPEC winners: Iran brags it can now sell as much oil as it wants
Oil Price- Iran is now able to sell as much oil as it wants and to any country it “deems appropriate”, the…
200 MPs hail Iran’s successful oil diplomacy
IRNA – 200 members of the Iranian parliament have signed a letter in appreciation of the Iranian oil diplomacy which resulted in…
OPEC deal showed Iran is still key in politics, economy: Expert
SHANA- Ali Bigdeli, a university lecturer, says the deal Organization of the Petroleum Exporting Countries (OPEC) struck in Vienna on Wednesday proved…
OPEC accord welcome in line with Iran’s national interest
Financial Tribune- A prominent economist has welcomed an OPEC accord to cut crude output as a win-win deal that protects Iran’s national…
Zangeneh hails OPEC’s “Major” decision for output cut
Shana — Minister of Petroleum Bijan Zanganeh said on Thursday that per OPEC ‘s “major” decision Iran will be exempted from its…
Zangeneh: All ready for agreement
SHANA- Minister of Petroleum Bijan Zangeneh said on Wednesday that it seems everybody at OPEC is ready for agreement. “It seems all…
OPEC confounds skeptics, agrees to first oil cuts in 8 years
Bloomberg– OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years. The…
Oil soars as Saudi Arabia and Iran point to OPEC deal
Financial Times– Oil prices soared 8.5 per cent to above $50 a barrel on Wednesday after two of Opec’s most powerful members…
OPEC members meet in Vienna amid market optimism
The Wall Street Journal– OPEC representatives began meeting here this morning in an attempt to finalize a deal that would limit oil…
Iran says to leave oil production at levels decided in Algeria
Reuters– Iran’s oil minister said on Tuesday the country was prepared to leave its oil production at levels that OPEC had agreed…
171st OPEC meeting fruitful if not politically conditioned–Iran
Shana– Iranian Minister of Petroleum Bijan Zangeneh said the 171st meeting of members of the Organization of the Petroleum Exporting Countries (OPEC)…
Iran not to compromise OPEC quota
Shana– The 171st Ordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) is going to be held in the Organization’s Vienna…
Iran, Iraq in struggle with Saudis ahead of OPEC meeting
Reuters I Ahmad Ghaddar and Vladimir Soldatkin: Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it…