Reuters - Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer groups ability to reach agreement despite intense internal political differences. The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Dec. 7 to cut output by more than expected, despite pressure from U.S....

Reuters - Iranian President Hassan Rouhani said on Sunday a decision by OPEC and other oil producers on Friday to cut output was a rebuff for a U.S. policy of meddling, the state news agency IRNA reported. OPEC and its Russia-led allies agreed to slash oil production by more than the market had expected, after pressure from U.S. President Donald ...

RT - The Organization of Petroleum Exporting Countries (OPEC) has reached a new deal to restrict global output. Oil prices jumped in response, and they will continue to soar, analyst told RT. The deal between OPECs 15 member states and allied states led by Russia was reached at a meeting between OPEC and global oil producers in Vienna, Austria on ...

Reuters - Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. Brent LCOc1 dropped $1.97 a barrel, or 2.8 percent, to a low of $68.15 before recovering to around $68.72, down $1.40, by 1140 GMT. U.S. light crude CLc1 was $1.30 lower at $58.63. Both crude ...

Press TV - Irans minister of petroleum says Saudi Arabia has submitted to US pressure, violating an OPEC agreement reached in June not to raise its production. Bijan Zangeneh wrote to his Saudi counterpart Khalid al-Falih in July to remind that OPECs supply pact did not give member countries the right to raise oil production above their targets....

IRNA Azerbaijan will continue its activities within the framework of the output deal agreed by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members even after US re-imposition of sanctions on Iran, Azeri energy minister announced. It is two years that the Baku cooperation continues within the framework of the OPEC and non-...

SHANA -- Iranian Minister of Petroleum Bijan Zanganeh says violation of some OPEC members of OPEC's output cut plan would be greatly harmful to the organizations' dignity. According to the Iranian parliament's website, the official said on Monday that a good agreement was struck at the 174th OPEC meeting, saying, "some countries want to violate ...

Reuters - Irans oil minister told his Saudi Arabian counterpart that last months OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Irans news agency Shana. The Organization of the Petroleum Exporting Countries agreed with Russia and other oil-producing allies ...

Reuters- Irans oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure. Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher,...

Press TV- A senior Iranian oil official has played down differences with Russia over a Saudi-led push to raise crude oil production which has prompted Tehran to warn against breaching OPECs current output limits. Non-OPEC Russia and OPEC members reportedly agreed last month to raise output by around 1 million barrels per day (bpd) from July. Saudi ...

SHANA-- The CEO of the National Iranian Oil Company (NIOC) says production of oil beyond the output ceiling set by the Organization of the Petroleum Exporting Countries (OPEC) would required an approval of the members. According to the Iranian Parliament's website, ICANA, Ali Kardor reacted to recent remarks by Saudi officials about ramping up the ...

SHANA -- Iran called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent some members from increasing their output without seeking consensus with other members. Iranian Minister of Petroleum Bijan Zangeneh sent a correspondence to OPEC President HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of the United ...

MNA Iranian Oil Minister Bijan Namdar Zanganeh said Iran will take measures and act based on the resolution adopted by the Organization of Petroleum Exporting Countries (OPEC) in its recent meeting. Some countries want to give a positive signal either to the market or the US, so that this issue has nothing to do with OPECs latest meeting, he said,...

IRNA There is no figure in Friday OPEC statement for increasing oil output, the Iranian petroleum minister announced. 'The stance is transparent, and there is no ambiguity, and this is what I've said from the first day,' Bijan Zangeneh told reporters in this Austrian capital city where the 174th ministerial meeting of the Organization of Petroleum ...

Reuters - Irans oil minister Bijan Zanganeh said on Saturday that OPEC and its allies will increase oil output by close to 500,000 barrels per day after agreeing a new production deal on Friday. OPEC agreed to a modest rise in oil production from next month but the group gave no clear targets, leaving traders guessing how much more it will actually ...

SHANA - Iranian Minister of Petroleum Bijan Zangeneh said the group reached a consensus to stick to the bodys output reduction agreement it struck back in 2016 to cap production by 1.2 million barrels per day after the 174th OPEC meeting. The Iranian official, following the 174th ordinary meeting of the Organization Petroleum Exporting Countries ...

Reuters - Oil prices soared on Friday after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 million barrels per day (bpd) ...

SHANA | Hassan Hoseini: The�biannual meeting of Organisation of Petroleum Exporting Countries (OPEC) in Vienna kickstarts on June 22 to decide a roadmap for their production output.  

Bloomberg- OPEC and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day the actual increase will be smaller as several countries are unable to raise output. In a night of drama in Vienna, the Joint Ministerial Monitoring Committee, which recommends policy ...

TASS- Russia is going to hold talks before the OPEC+ ministerial meeting with Iran, the country that is still against proposals from Russia and Saudi Arabia to increase production, Russian Energy Minister Alexander Novak told reporters. "We will meet with Iran right now," he said. The OPEC+ agreement, which unites 24 countries, has been in effect ...