SHANA -- OPEC ministers on Saturday came together on videoconference to discuss what policy to adopt on oil production in coming months amid falling demand due to the coronavirus outbreak. The 179th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) started through videoconference on Saturday with a speech from Mohamed ...

AP - OPEC, Russia and other oil-producing nations on Sunday finalised an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. "This could be the largest reduction in production from OPEC for perhaps a decade, maybe ...

Press TV - An Iranian Oil Ministry official says members of the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+, are holding a fresh meeting via video-conference to decide the share of Mexico in a series of cuts to the global oil supplies agreed earlier this week. Oil Ministry spokesman Kasra Nouri said that ...

SHANA Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak. In a phone call, Zangeheh had with Mr. Novak recently, the two sides discussed topics regarding the upcoming OPEC meeting. Zangeneh also said that no consensus had been achieved among the members ...

Reuters - Iranian Oil Minister Bijan Zanganeh was quoted as saying on Monday that he expects further production cuts to be agreed at the next meeting of the Organization of the Petroleum Exporting Countries (OPEC) in December. We expect the decline in oil production to increase further, which means that we will see a further decrease by OPEC to ...