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…
Tag Archives: OPEC
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…
OPEC hikes oil output in September as Iran’s production falls, demand outlook softens
CNBC – Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset…
“Suspend sanctions:” Iran OPEC boss says to Trump
SHANA – Iran’s OPEC Governor said imposing sanctions on Iran’s oil industry was not practical, adding, “Mr. Trump is fuming at the…
Oil heading to $100 & OPEC is ‘powerless to prevent it’ – analyst
RT – Crude prices will likely reach $100 per barrel for the first time since 2014, and OPEC has no leverage to…
Why is Trump seeking lower oil prices?
Alwaght – The oil prices are rising, and this is turning into a major debate of the world leaders on the global…
Oil extends rally after hitting four-year high
The Wall Street Journal | Christopher Alessi: Oil prices rose Tuesday, building on the four-year high reached in the wake of a…
Oil prices would be ‘cheaper’ if Trump would stop tweeting, Iran official says
CNBC – Trump’s tweets are inflating oil prices, Iran official says 13 Hours Ago | 02:47 President Donald Trump’s tweeting habits are…
No production increase discussed at JMMC meeting
SHANA – Iran’s OPEC Governor Hussein Kazempour Ardebily said no production increase was discussed during Sunday’s meeting of the Joint OPEC-Non-OPEC Ministerial…
OPEC and allies struggle to pump more oil as Iran supply falls
Reuters – OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed…
OPEC-non-OPEC JMMC no decision-making body
SHANA — Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make…
OPEC, other producers may boost oil output amid anti-Iran sanctions – Reports
Sputnik – OPEC and non-OPEC allies have reportedly agreed to review current oil production as a countermeasure to the lack of Iranian…
Iran warns it will veto OPEC decisions harming its interests
Bloomberg – Iran said it will veto any OPEC decision that harms the Islamic Republic and warned that some oil producers are…
OPEC chief: Cartel must stay together as US sanctions Iran
Washington Post – OPEC must stick together for the good of the global economy as founding member Iran faces renewed U.S. sanctions,…
OPEC sees boost in oil production ahead of Iran sanctions
The Wall Street Journal | Christopher Alessi: OPEC’s total oil production climbed last month, in a sign the oil cartel is sticking…
Iran sanctions are fueling OPEC tensions
Bloomberg | Julian Lee: Two months before renewed U.S. sanctions on its oil exports take effect, Iran has already suffered a sharp…
Libya leads OPEC oil output to 2018 high despite Iran losses
Bloomberg – OPEC crude production rose in August to the highest level this year as a recovery in Libyan output helped to…
Oil falls on rising output from OPEC and United States
Reuters – Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output…
Iran and OPEC: How will the fight for oil production quotas end?
Sputnik – Over two weeks ago Iran filed a formal complaint to OPEC President and UAE Energy Minister Suhail Mohamed Al Mazrouei, accusing…
Iran says some OPEC members act in accordance with U.S. policy – report
Reuters – Iranian Oil Minister Bijan Zanganeh said some members of oil producer group OPEC were acting in accordance with U.S. policies,…
Some countries after politicizing OPEC: envoy
MNA – Iran’s permanent envoy to Vienna-based intl. organizations said that some countries misuse OPEC to further their own political aims. Kazem…
Sanctions closing in, Iran to attend September OPEC monitoring committee to protest oil quota reallocation
Platts – Iran will send its oil minister, Bijan Zanganeh, to a September meeting of the monitoring committee overseeing OPEC’s supply accord…
Zangeneh sends letter of complaint to OPEC on JMMC fault
SHANA — Iranian Minister of Petroleum Bijan Zanganeh send a letter to Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of…
Oil prices decline, weighed down by OPEC, Russia output
The Wall Street Journal | Christopher Alessi: Oil prices declined Tuesday as rising output from OPEC and Russia outweighed signs of declining U.S.…
Saudis’ 12 mbd oil output, just a claim: Analyst
SHANA – “The exact number of actual crude oil production capacities and reserves of the long-standing members of OPEC and non-OPEC countries…
Violating OPEC agreement harmful to organization’s dignity: Iran
SHANA — Iranian Minister of Petroleum Bijan Zanganeh says violation of some OPEC members of OPEC’s output cut plan would be greatly…
Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse
CNN Money – The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to…
Iran warns OPEC of losing effectiveness
SHANA – Iranian Minister of Petroleum Bijan Zanganeh sent a letter to OPEC President, warning him the organization would lose its effectiveness…
If Trump’s problem is OPEC, his solution is Iran
Bloomberg | Julian Lee: The group doesn’t have the spare capacity to replace the loss of output from sanctions on Iran. President…
174th OPEC summit and balance of power in oil market
SHANA – The oil market fever never ceases and the struggles over how OPEC’s oil supply rises in the market linger; such…
Oil sanctions against Tehran to weaken OPEC: Iran official
IRNA – Oil sanctions imposed by the US president against Iran will weaken Organization of Petroleum Exporting Countries (OPEC), the advisor to…
Trump request for Saudi oil output rise amounts to call for exiting OPEC – Iran
Sputnik – US President Donald Trump’s request for Saudi Arabia to step up its oil output to 2 million barrels per day…
Riyadh doesn’t “like” raising oil output, Saudi official says
Press TV – Riyadh does not “like” raising its oil production not at least beyond 11,000 barrels per day (bpd), says a…
Iran says Saudis ‘belittle’ OPEC if raise oil output
Press TV – Iran has strongly reacted to a purported plan by Saudi Arabia to increase its production of crude oil and…
Oil geopolitics and Iran’s Response
CFR | Amy Myers Jaffe: At first glance, last week’s Vienna Group meeting—that is the Organization of Petroleum Exporting Countries (OPEC) plus…
Zangeneh: Latest OPEC statement confirms October 2016 decisions
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the 174th statement of the Organization of the Petroleum Exporting Countries (OPEC) confirms…
Iran sees little extra oil if OPEC, partners stick to deal
Reuters – Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere…