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Venezuela gets OPEC aid to restore gasoline output
Jun 10, 2020 15:28President Nicolas Maduro has announced that OPEC will be providing aid to Venezuela for the restoration of gasoline production in the Latin American country.
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OPEC agrees to extend output cuts by one month: Iran minister
Jun 07, 2020 06:26Members of The Organization of Petroleum Exporting Countries (OPEC) have agreed to extend a deal on reduction of output provided that non-OPEC producers would comply with their share of the cuts, according to Iran’s Oil Minister Bijan Namdar Zanganeh.
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Shale oil producers being punished for inaction: Zanganeh
Apr 22, 2020 13:22Minister of Petroleum Bijan Zangeneh says shale oil producers in the US and Canada are being punished by a historic rout in oil markets for refusing to join production cuts by OPEC and its allies.
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Saudi Arabia submits to oil output cut after US threat
Apr 13, 2020 08:43OPEC and other large oil producers led by Russia have approved a deal to cut output, after the US threatened to take measures against Saudi Arabia over its crude price war with Moscow.
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Iran says OPEC+ meeting to review Mexico’s share of oil supply cuts
Apr 13, 2020 05:13An 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.
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Draft deal on oil output cuts due in days: Zanganeh
Apr 10, 2020 15:18Iran’s 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.
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Saudi Arabia says final accord on oil production depends on Mexico
Apr 10, 2020 14:32Major oil producers have reached a partial agreement on the reduction of their production to prop up prices hammered by the coronavirus pandemic but Saudi Arabia says the final accord depends on Mexico’s consent to go along with the proposed cuts.
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Iran steps up efforts for oil market stability
Apr 08, 2020 08:08Iranian Oil Minister Bijan Namdar Zanganeh said he has held consultations with several foreign officials about plans to restore stability to the global oil market ahead of a meeting between OPEC and its allies.
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US lying about how bans are affecting Iran’s access to medicine: Minister
Mar 09, 2020 15:52Iranian Oil Minister Bijan Namdar Zanganeh has lashed out at the United States for claims that Tehran’s import of medicine and other humanitarian goods are exempt from Washington's unilateral sanctions, calling such claims “a very big lie”.
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Ex-OPEC envoy predicts further drop in oil prices
Mar 09, 2020 08:42Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.