Oil rises amid OPEC supply cuts, US sanctions on Iran and Venezuela
Reuters – Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer group OPEC and by U.S. sanctions against…
Tag Archives: OPEC
Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts
Reuters – Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but price…
Oil settles 1 percent higher on hopes of market rebalance, trade deal
Reuters – Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets…
Despite sanctions, Iran’s oil exports rise in early 2019: sources
Reuters | Alex Lawler: Iran’s exports of crude oil were higher than expected in January and are at least holding steady this month,…
Iran heavy crude price ticks up
Financial Tribune – Iran’s heavy crude oil gained $1.45 or 2.6% per barrel in January compared to December when it was traded…
Ex-envoy urges diversification of Iran oil customers
Tasnim – A former envoy of Iran to the Organization of the Petroleum Exporting Countries (OPEC) called for efforts to diversify the…
OPEC, allies cutting oil production drastically
IRNA- Organization of Petroleum Exporting Countries (OPEC), in its latest report, announced the reduction of the production of 1,200,000 barrels of oil…
Oil rises to $57 on OPEC cuts, China-US trade talks
Tasnim – Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United…
Oversupply, faltering growth to weigh on oil prices in 2019: Reuters poll
Reuters |Brijesh Pate: Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it…
Why Iran’s positive OPEC spin won’t last
Oil Price | Tim Daiss: In recent months, it’s been difficult to hear any positive statements coming from Iran’s troubled oil sector,…
Iran gov’t confident OPEC will reach deal on output cuts
Sputnik – Iranian officials say OPEC’s recent decision to cut output will reflect positively on the Islamic Republic’s economy, as Tehran is…
What would the end of OPEC mean?
RT – The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the…
Oil ends lower on Iran comments despite Libya, OPEC supply cuts
Reuters – Oil ended lower on Wednesday after reports that Iran’s oil minister said divisions exist within the Organization of the Petroleum…
Petroleum minister: Iran tends to stay in OPEC
IRNA – Iranian Petroleum Minister Bijan Zangeneh says Iran intends to stay in the Organization of the Petroleum Exporting Countries (OPEC) and…
OPEC offsets Iran oil loss, sees lower 2019 demand
Reuters – OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of…
Political squabbles among OPEC members have weakened its efficacy: Nader Entessar
Iranian Diplomacy | Peyman Yazdani: Touching upon the Qatar’s reasons to withdraw from OPEC, Prof. Entessar said political squabbles among its members…
OPEC resistance, another failure for US: Rouhani
SHANA – Iranian President Hassan Rouhani said the resistance of members of the Organization of the Petroleum Exporting Countries (OPEC) by lowering…
Qatar withdraw from OPEC may increase Iran’s production share: Zaccara
MNA –Dr. Luciano Zaccara says Qatar withdraw from OPEC may increase the quota (of power and production) that OPEC may allocate to…
Weekly report: OPEC agrees joint 1.2mn bpd cut; Iran exempted
December 9, The Iran Project – FM Zarif highlights US hypocritical behavior towards UN resolution; Iran backs Yemen peace talks, wants end of…
Iran to export 1mn bdp of oil despite US sanctions: Energy expert
MNA – Refereeing to withdrawal of Qatar from OPEC , Omid Shukri says Iran will be able to export 1 million barrels…
Hypocrisy of US and its Mideast allies
MNA – There is no denying the fact that the US is using Saudi oil card to damage the oil-based economies of…
Photos: 175th OPEC meeting held in Vienna
Mizan – The biannual meeting of Organisation of Petroleum Exporting Countries (OPEC) in Vienna kickstarts on December 7 to decide a roadmap for…
OPEC endorses Iran exemption from production cut
SHANA — Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut…
OPEC yet to agree final deal as Iran seeks exemptions: sources
Reuters – Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi…
OPEC tentatively agrees to oil cut, waits for Russia to commit
Reuters – OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia…
Out of OPEC, Qatar can start to market Iran’s oil: Expert
MNA – After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, Sam Barden, director of the…
Iran won’t discuss its OPEC quota while under sanctions: agency
Reuters – Iran will not discuss its OPEC quota as long as it is under sanctions, Iranian Oil Minister Bijan Zanganeh was…
Saudi energy minister meets U.S. Iran envoy in Vienna ahead of OPEC
Reuters – Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar…
Envoy blames Saudi-led blockade for Qatar’s pullout from OPEC
FNA – Iranian Ambassador to London Hamid Baeidinejad in a tweet on Tuesday criticized the Saudi-led year-long blockade against Qatar, saying that…
Zangeneh: Reasons for Qatar’s departure from OPEC must be explored
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said it was necessary to review reasons for Qatar’s withdrawal from the Organization of…
A Look at Iranian Newspaper Front Pages on December 4
Iran Front Page – IFP has taken a look at the front pages of Iranian newspapers on Tuesday, December 4, 2018, and…
Iran says OPEC members who increased output should take lead on cuts
Reuters – Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led…
Qatar to withdraw from OPEC as of January 2019 – minister
Reuters – Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country’s…
After Trump calls, Persian Gulf OPEC members cover most of Iran oil loss: Reuters survey
Reuters | Alex Lawler – OPEC oil supply has fallen in November from a two-year high due to U.S. sanctions on Iran, a…
Petro market rattled in 7th straight week of drops, OPEC to move meeting up
Sputnik – As global oil markets hit their seventh straight week of price drops, OPEC members scheduled to meet in Vienna on…
OPEC, Russia crude production offsets Iran losses
The Wall Street Journal | Sarah McFarlane: OPEC and Russian crude production continued to climb in October, more than offsetting losses from…
Saudi Arabia in talks to cut oil output after U.S. waivers hit prices
Reuters – Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1…
Iran calls on OPEC to cancel JMMC and JTC
SHANA — Iranian Minister of Petroleum Bijan Zangeneh sent a letter to OPEC Secretary General HE Mohammad Sanusi Barkindo complaining about JMMC…
OPEC oil output rises to highest since 2016 despite Iran: Reuters survey
Reuters – OPEC has boosted oil production in October to the highest since 2016, a Reuters survey found, as higher output led…
OPEC, allies struggle to fully deliver pledged oil output boost – internal document
Reuters – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen…