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 ...
Oil Price - OPEC has asked on Monday for a timely settlement to the tensions that have flared up between the United States and Iran and Venezuela, Anadolu Agency reported on Monday, citing This Day.
Iran and Venezuela, both founding members of OPEC, are both exempt once again from the production cut extensions that the cartel announced last week,...
Radio Farda - Leaders from Russia and Saudi Arabia say the so-called OPEC+ group has agreed to extend by six to nine months a deal to reduce oil output in an effort to bolster global crude prices in the face of a potential economic slowdown.
Russian President Vladimir Putin, speaking on the sidelines of the Group of 20 summit in Japan, on June 29 ...
IRNA- Organization of Petroleum Exporting Countries (OPEC), in its latest report, announced the reduction of the production of 1,200,000 barrels of oil per day of its 11 members and 10 allies for next six months.
According to January report of OPEC, Saudi oil production fell 322,000 bpd this month, in line with OPEC's agreement.
Iraq, the UAE ...
SHANA - "The exact number of actual crude oil production capacities and reserves of the long-standing members of OPEC and non-OPEC countries are viewed as top-secret data by those countries. We cannot never be sure about the exact production capacity of Saudi Arabia or Russia.
TEHRAN (Shana) -- "The exact number of actual crude oil production capacities ...
MNA Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending agreements to cut oil production, said that a 6 to 9 month oil cut extension is acceptable.
Bijan Zanganeh said according to the conference outcomes and the reports issued, I suppose we have reached the general consensus ...
Barrons | Dimitra DeFotis: Saudi Arabia's energy minister indicated Monday that not only is the extension of oil production cuts likely, it could extendpast December.
The six-month production cut agreement initiated this year, with the goal of boosting oil prices, expires in June. The Organization of Petroleum Exporting Countries meetsMay 25 in ...
Russia says it has cut its production of crude oil by around 300,000 barrels per day (bpd) as part of an agreement with worlds oil producers to shore up global prices.
The announcement was made by Russias Energy Minister Alexander Novak.
Novak told the domestic media that the countrys oil production in the latest record that had been registered ...
Inspired by the production of oil under the ground, a group of researchers from the Rasht Branch of Islamic Azad University invented a device that is capable of producing oil and gas from algae within 20 minutes.
In an interview with ISNA, as translated by IFP, Fereshteh Ghorbani, a researcher in the project of turning algae into petroleum, said ...
The increase in oil production capacity is among the National Iranian Oil Company's top priorities, according to the managing director of the National Iranian Oil Company.
MOSCOW (Sputnik) Iran is increasing its daily oil production by500,000 barrels afterthe sanctions againstTehran are removed officially, the managing director ofthe National Iranian ...
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