Oil hits highest since May 2015 above $68 on tighter market
Reuters – Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts…
Tag Archives: OPEC
OPEC members not keen on oil price hikes above $60/b: Iran
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said, “Members of the Organization of the Petroleum Exporting Countries (OPEC) are not keen…
Oil at highest since 2015, as Iran unrest spooks market
Reuters– Oil rose further above $68 a barrel on Thursday to the highest since May 2015, supported by unrest in Iran that…
S.Korea’s Nov Iran crude oil imports fall to 5-mth low
Reuters – South Korea’s Iranian crude oil imports in November dropped to the lowest level since June, due to reduced shipments from…
Iranian oil minister moves to forge new regional partnerships
Al Monitor | David Ramin Jalilvand: Ahead of the Organization of the Petroleum Exporting Countries’ (OPEC) ministerial meeting in Vienna Nov. 30-Dec. 1,…
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.…
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…
Oil sleeps through Saudi-Iran spat and imminent OPEC meeting
Bloomberg – With tensions between Saudi Arabia and Iran ratcheting up and OPEC about to announce its plans for global crude supply,…
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…
Iran’s light oil price closes to $64/b amid Middle East tensions
Trend News Agency– Iran’s oil price registered a significant rise by over $3 per barrel, in the global markets during the week…
Iran to support extending OPEC+ oil deal beyond March 2018 – deputy minister
TASS– The agreement on the reduction of oil production, which was concluded by OPEC and 11 independent producing countries, including Russia, was…
No pressure on Iran to join OPEC output cuts: Zanganeh
Platts– Nearly a year into the production-cut deal that brought together major OPEC and non-OPEC oil producers, Iranian oil minister Bijan Zangeneh…
Iran says OPEC action on output cuts must address Libya, Nigeria
Bloomberg – OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output…
OPEC keen on maintaining cooperation with non-OPEC producers: Sec. Gen.
SHANA – OPEC Secretary General Mohammad Barkindo says the organization wants to want to continue cooperation with non-OPEC countries even after rebalancing…
Iranian oil flows gain further ground in China, Europe
Platts– Iran’s crude and condensate exports rose slightly in August as lower deliveries from key competitors like Saudi Arabia and Iraq meant…
Iran praises OPEC, non-OPEC role in stabilizing oil market
IRNA – The Iranian President in a meeting with his Venezuelan counterpart, hailed efforts by members of the Organization of Petroleum Exporting…
Iran says OPEC compliance with output pact increasing
Reuters – OPEC members’ compliance with the agreement to reduce output has improved in recent months, Iran’s oil minister said on Monday,…
OPEC Agreement increases Iran’s petrochemical export value
IRNA – Value of Iran’s petrochemical export in the first three months of the year in comparison with the same period of…
OPEC veteran Zanganeh tapped to return as Iran oil minister
Bloomberg | Bruce Stanley: Iran’s President Hassan Rouhani proposed the reappointment of its longest-serving oil minister, Bijan Namdar Zanganeh, who fought to restore crude…
OPEC decisions implemented suitably in oil market
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says the decisions made the Organization of the Petroleum Exporting Countries (OPEC) are fully…
172nd OPEC meeting smoothest since 2013: Iran
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting…
A Look at Iranian Newspaper Front Pages on May 27
Iran Front Page- IFP has taken a look at the front pages of Iranian newspapers on Saturday and picked headlines from 18…
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’s coverage: Iran backs extension of OPEC crude output cut
Daily look at Iran’s late-breaking news and upcoming events: Iran: There is debate over length of OPEC-led oil output cut extension…
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,…
OPEC meeting: another winning chance for Iran
Tehran Times | Ebrahim Fallahi: As one of the key players in the world’s political and economic turnovers, oil market has been…
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…
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…
Real oil price is over $70 per barrel: Iranian MP
IFP – An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states…
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…
Iran and Iraq are making it harder for Saudi Arabia to prop up oil prices
Markets Insider | Rakesh Upadhyay: Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to…
Iran’s oil output hits 3.8mln bpd in February: OPEC
Tasnim – The Organization of the Petroleum Exporting Countries (OPEC) said Iran’s oil production reached a new record high of 3.8 million…
IEA doubles forecast for new OPEC oil by 2022 as Iraq ramps up
Bloomberg– OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq,…
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…
Expensive oil not to benefit OPEC members in mid-term: Iran
Shana – Too expensive crude oil does increase revenues of the Organization of the Petroleum Exporting Countries (OPEC) but would ultimately damage…
Analysis: Iran takes market share from OPEC rivals
Platts– Rise in flows bucks OPEC trend, bodes well for heavy crudes. Iran’s crude oil and condensate exports rose 3% month on…
Iran says positive market reaction to OPEC decision will continue
SHANA- Iranian Minister of Petroleum Bijan Zangeneh described the oil market reaction to Organization of the output cut plan of the…