Iran produced nearly 3.2 million barrels of crude oil in March, up 28,000 barrels from February, leading the members of the Organization of Petroleum Exporting Countries (OPEC) in production.

Angola says it will leave the Organization of the Petroleum Exporting Countries (OPEC) over a disagreement regarding production quotas, a move that will bring the group down to 12 members.

[caption id="attachment_113500" align="alignright" width="214"] Irans Minister of Petroleum Bijan Namdar Zanganeh (file photo)[/caption] Tehran, March 18, IRNA Oil Minister Bijan Namdar Zanganeh said on Wednesday that Iran will retain its OPEC quota very soon citing development of the oil fields. He said that the current stalemate in the oil market ...

[caption id="attachment_30726" align="alignright" width="186"] The headquarters the Organization of Petroleum Exporting Countries (OPEC), Vienna, Austria[/caption] Tehran, March 8, IRNA -- Iran has the largest number of experts in OPECs Secretariat, which might lead to the appointment of an Iranian official as the organizations secretary-general. The ...

[caption id="attachment_13567" align="alignright" width="199"] OPEC figures show drops in output and price of Iranian oil for January 2015.[/caption] TEHRAN: Iran has joined OPEC(Organization of the Petroleum Exporting Countries) producers along with two countries Kuwait and Iraq, to cut their March crude prices, indicating the battle for a share ...

[caption id="attachment_13567" align="alignright" width="202"] OPEC figures show drops in output and price of Iranian oil for January 2015.[/caption] Latest figures released by the Organization of Petroleum Exporting Countries (OPEC) on Monday show that Iran produced 2.75 million barrels of oil per day (mb/d) in January. OPEC said in its Monthly ...

TEHRAN Feb 07(Shana)--"The Islamic Republic of Iran prefers to continue its membership in OPEC even though the recent decisions made by the organization had not been in line with our views", Iranian Minister of Petroleum, Bijan Nanmdar Zangeneh said. Speaking at a live television program on Wednesday night, Zanganeh said remaining in OPEC is in favor ...

(Reuters) - Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action. Genscape, an analytics firm that monitors U.S. oil stocks, reported a 2.6 million-barrel build last week ...

Daily look at Irans late-breaking news and upcoming events:   Iran seeks no OPEC emergency meeting Irans petroleum minister said his country is not planning to call for an emergency meeting of OPEC to discuss plunging oil prices.   Next round of N-talks in Feb. Next round of nuclear talks between Iran and the 5+1 will be held on February....

TEHRAN (FNA)- Venezuelan President Nicolas Maduro said that the US is using oil as a political weapon. Maduro made the remarks at a rally in the capital Caracas following his return from official tours of China, Russia and five member nations of the Organization of Petroleum Exporting Countries (OPEC), including Iran, Saudi Arabia, and Algeria, press ...

TEHRAN Jan 19(Shana)--Irans petroleum minister said his country is not planning to call for an emergency meeting of OPEC to discuss plunging oil prices. Iran has no plan in this regard (OPEC emergency meeting) and is currently in consultation with other OPEC member states in a bid to prevent the sharp fall in the oil price, but these consultations ...

Tehran, Jan 14, IRNA Foreign Ministry Spokeswoman Marziyeh Afkham said on Wednesday that the swift trend of the oil price reductioin has indicated that it is a politically-motivated move. Useful negotiations have started among members of the Organization of Petroleum Exporting Countries (OPEC) and are being strengthened, she added. Speaking to reporters ...

[caption id="attachment_144725" align="alignright" width="187"] Venezuela's President Nicolas Maduro (R) is welcomed by Iran's President Hassan Rouhani in Tehran January 10, 2015.CREDIT: REUTERS/MIRAFLORES PALACE/HANDOUT VIA REUTERS[/caption] (Reuters) - A diplomatic push byVenezuelaandIranfor an OPEC oil output cut has failed to soften the refusal ...

TEHRAN (Tasnim) A senior Iranian lawmaker said that members of Organization of the Petroleum Exporting Countries (OPEC) should adopt a united stance against the plot behind the oil price drop. A member of Iranian Parliament's National Security and Foreign Policy Commission Mohammad Saleh Jokar told the Tasnim News Agency that Tehran can defuse ...

TEHRAN Jan 12(Shana)--Venezuelan President Nicolas Maduro travelled to Tehran as part of his diplomatic efforts to curb falling oil prices. The price of black gold has fallen to below $50 in recent days. Venezuela was the first OPEC member state that embarked on a charm offensive to keep oil prices from sliding when they dropped to below $100 last ...

IFP has taken a look at the front pages of newspapers on Sunday and picked headlines from 19 of them. IFP has simply translated the headlines and does not vouch for their accuracy. A meeting between the Supreme Leader and visiting Venezuelan President Nicolas Maduro dominated the front pages of the Iranian newspapers on Sunday. In the meeting Ayatollah ...

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says enemies are using oil as a political tool to exert pressure on oil exporting countries. In a meeting with visiting Venezuelan President Nicolas Maduro on Saturday, the Leader noted that the steep fall in global oil prices in a very short period of time is politically motivated and ...

Irans Speaker of President Ali Larijani (pictured)has blamed this weeks killing of 12 peopleatthe French magazine Charlie Hebdoon Western intervention in Syria. Addressing the closing ceremony of the 28th International Islamic Unity Conference in Tehran on Friday,Larijani saidWednesdays mass killing and subsequent violence and deaths were the outcome ...

Daily look at Irans late-breaking news and upcoming events: Iran, OPEC states pursuing sliding oil prices: Minister Iran and other members of the Organization of the Petroleum Exporting Countries (OPEC) are pursuing the issue of falling oil prices, saysIrans petroleumminister.   Iran condemns deadly attack on French weekly in Paris Iran ...

The price of Brent oil has plunged under USD 50 a barrel for the first time inthe past five and a half years amid growing oversupplies in the market. Benchmark North Sea Brent crude for Februarydelivery fell more than a dollar to USD49.92 a barrel on Wednesday trading to hit levels last seen in May 2009. US oil for delivery in February also plunged ...