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Iran, Saudi oil ministers meet to avert showdown
Jun 22, 2018 11:30Minister of Petroleum of the Islamic Republic of Iran Bijan Zangeneh and Saudi counterpart Khalid al-Falih have held talks in Vienna just before the OPEC group met to decide on policy, the Shana news service reported.
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Iraq says any oil output hike breach of producers’ deal
Jun 11, 2018 16:58Iraq has described any unilateral decision by any oil producer regarding output as a breach of a supply cut pact between OPEC and non-OPEC countries, warning that such a move could lead to the collapse of the pact that was devised to help stabilize prices.
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Every new decision in OPEC needs unanimity: Zanganeh
May 19, 2018 19:10Iranian Oil Minister Bijan Zanganeh says Tehran’s oil exports to remain unchanged if the Iran nuclear deal is salvaged by the EU following the US withdrawal from the multinational accord.
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OPEC courts Azerbaijan as shale oil threat grows
Mar 20, 2018 15:09Azerbaijan is reportedly discussing possible membership in the Organization of the Petroleum Exporting Countries (OPEC) which has welcomed the initiative.
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Iran: OPEC members not keen on oil price hikes above $60/b
Jan 09, 2018 16:04Iran's Oil Minister Bijan Zanganeh said, "Members of the Organization of the Petroleum Exporting Countries (OPEC) are not keen on increased Brent Crude prices to above 60 dollars per barrel."
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Russia again leaves everyone guessing on Iran deal
Sep 23, 2017 15:02Russian Energy Minister Alexander Novak says deliveries of Iranian crude to his country under the "oil-for-goods" program can start shortly.
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OPEC chief hails Zanganeh’s reappointment
Aug 20, 2017 14:43Mahammad Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), in a letter congratulated Iran’s Petroleum Minister Bijan Zanganeh for his reappointment.
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Russia injects hope into morose oil market
Jul 08, 2017 13:05Russia’s openness to deeper oil production cuts has generated optimism among OPEC members about a new push to clear a global supply glut.
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OPEC agrees to extend key oil output cut deal
May 26, 2017 06:02The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
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Riyadh says oil output cut may be extended
Apr 20, 2017 13:21Saudi Arabia says an agreement between world’s biggest oil producers to cut their production to help stabilize the market may have to be extended to ensure maximum results.