Oil up on escalating US-Iran tensions, but trade war worries cap gains
Reuters – Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold…
Tag Archives: OPEC
Iran oil sanctions and energy security
SHANA | Heshmatollah Razavi: Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and…
Soaring oil prices cast shadow on US ahead of Opec meeting
The Guardian | Patrick Wintour: In November 2018, Donald Trump tweeted: “Oil prices getting lower … a tax cut for America and…
Iranian heavy crude oil price rises $4.35 per barrel in April: OPEC
MNA – Iranian heavy oil price increased $4.35, according to OPEC’s latest monthly report to reach $68.5 in April. As the same…
OFID approves $500,000 aid to flood-hit areas in Iran
IRNA – Iran’s ambassador and permanent representative to the international organizations in Vienna Kazem Gharibabadi on Tuesday announced that OPEC Fund for…
Persian Gulf oil flow plunges as Trump turns the screw on Iran’s exports
Bloomberg | Julian Lee: Exports of crude and condensate from the OPEC countries of the Persian Gulf, which account for about 75…
Photos: OPEC Sec. Gen. Barkindo visits Iran Oil Show
SHANA | M.Mohammadgholi: The Secretary General of the Organization of the Petroleum Exporting Countries Mohammed S. Barkindo visited the 24th Iran International…
OPEC tries to depoliticize oil, Barkindo says in Tehran
Reuters – OPEC tries to depoliticize oil, the producer group’s secretary-general was quoted by the Iranian oil ministry as saying on Thursday,…
OPEC’s Barkindo says impossible to eliminate Iranian oil from market: SHANA
Reuters – It is impossible to eliminate Iranian oil from the global market, OPEC Secretary-General Mohammad Barkindo was quoted as saying by…
Sanctions pressures spur debate on Iran’s OPEC membership
Bourse and Bazaar | Reza Zandi: Today, the 24th edition of the Tehran International Oil and Gas Exhibition opens. Tomorrow, the U.S. waivers…
Oil falls on swelling US stockpiles, but global markets tense
Reuters – Oil prices fell on Wednesday after a report showed a rise in U.S. crude inventories, but global markets remained tense…
Oil falls after Trump presses OPEC to make up for Iranian sanctions
Reuters – Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded…
Trump says OPEC can step up output after Iran waivers
Reuters – U.S. President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could “more than make up” for…
Oil prices rise on lower US stocks, OPEC+ supply cuts
Reuters – Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its…
Iranian heavy crude oil price grows $5.10 per barrel in Feb.: OPEC
MNA – According to OPEC’s latest monthly report, Iranian heavy oil price increased $5.10 per barrel in February, 2019, reaching $61.29. According…
Worries over global economy outweighs geopolitical factors in setting oil prices
Tehran Times – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International…
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…
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…