SHANA -- Non-OPEC ministers gave the nod to OPECs earlier proposal for extending for another one month the previously reached agreement on cutting 9.6 mb/d from their output in a bid to help shore up prices. The extension did not include Mexico with a previously pledged 100,000 b/d cuts. The agreement came in a videoconference meeting held immediately ...

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 ...

Press TV - Irans Oil Minister Bijan Namdar Zanganeh says a draft agreement on massive cuts to the global oil supply would be finalized in a matter of days after major producers around the world agreed to reduce output to control the prices in the markets. Zanganeh said on Friday the draft agreement on cuts agreed between members of the Organization ...

IRNA Iran's Representative to OPEC said on Thursday that Tehran supports the decision of the majority of the OPEC member states on output cuts. Hossein Kazempour Ardabili made the remarks concurrent with a visit to Vienna of Iran's Oil Minister Bijan Zangeneh to participate in the 177th meeting of the Organization of the Petroleum Exporting Countries ...

Sputnik - Iranian officials say OPEC's recent decision to cut output will reflect positively on the Islamic Republic's economy, as Tehran is still hoping to maintain some of its oil exports despite stringent US sanctions. Kristian Rouz Iranian Oil MinisterBijan Zanganeh has said he is confident OPEC will be able toimplement the new roundof ...

Tasnim Iranian Oil Minister Bijan Namdar Zanganeh said the country has completely been exempted from a resolution by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil production. Speaking to the Islamic Republic of Iran Broadcasting (IRIB) on Thursday night, Zanganeh shrugged off the issue that Irans exemption from the OPEC ...

Reuters - Qatars decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a top Iranian official said, adding that any supply cuts should come only from countries that had increased output. The comments underline tensions within the Organization of the Petroleum Exporting Countries ahead ...

CNBC - Elevated geopolitical tension betweenSaudi ArabiaandIrancould soon threaten the unity of anOPEC-led pact to keep oil prices in check, according to one commodity strategist. "Saudi Arabia-Iran tensions appear to be intensifying. While this provides a geopolitical premium in oil for now, it could develop cracks in OPEC's unity, which ...

IFP - Iranian Minister of Petroleum Bijan Zangeneh said: OPEC may choose to alter its output cut plan which I think would be unlikely. Speaking to reporters following a ceremony to sign the development contract for Aban and West-Paydar oilfields in Tehran on Wednesday, the official said so. Asked about Irans oil swap with Iraqs Kirkuk, Mr. Zangeneh ...

Reuters - OPEC members' compliance with the agreement to reduce output has improved in recent months, Iran's oil minister said on Monday, noting that unofficial talks were underway among the oil producing countries to extend the cuts next year. Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd, while Russia ...

Bloomberg - Iran will go along with whatever decision OPEC makes at its meeting later this month on whether to extend oil production cuts beyond June, Oil Minister Bijan Namdar Zanganeh said. All indications are that the members want a renewal of the deal and we will go along with what they agree upon, Zanganehsaid Saturday on the sidelines of an ...

Sputnik - The Iranian petroleum minister said Saturday Tehran will agree on prolongation of the agreement on reduction of oil output reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel member states, if other parties to the deal agree to do so. MOSCOW (Sputnik) Iran is ready tosupport prolongation ofthe agreement ...

Bloomberg - Persian Gulf Arab oil producers have reached an agreement about a possible extension of output cuts beyond June to reduce stockpiles of crude,Omans oil minister said. His Saudi Arabian counterpart confirmed that producers arrived at an initial deal on prolonging the cuts. Persian Gulf Cooperation Council countries agreed to push for ...

Press TV - Iran has indicated its support for extending a crucial oil output agreement by worlds biggest producers that helped stabilize prices in markets since its implementation early this year. Irans Oil Minister Bijan Zanganeh was quoted by the media as saying that most oil producers support an extension of the agreement which was devised ...