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Brazil set to join OPEC+ in 2024
Dec 01, 2023 08:15Major oil producer Brazil is set to join the OPEC+ group of oil-producing countries next year upon formal invitation.
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OPEC rejects IEA’s forecasts about fossil fuels use
Sep 15, 2023 09:46The Organization of the Petroleum Exporting Countries (OPEC) has rejected projections by the International Energy Agency's (IEA) suggesting that the global consumption of fossil fuels will peak in 2030 before dropping to record lows because of an increase in the use of the renewables.
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Russia's Putin, Saudi crown prince discuss bilateral ties, cooperation within OPEC+: Kremlin
Jun 08, 2023 08:21Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman have discussed cooperation within the OPEC+ and bilateral ties between the two countries.
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President: Unity within OPEC will foil Western plots to sow discord
May 27, 2023 15:55President Seyyed Ebrahim Raeisi of Iran has warned against a Western plot to sow discord among the member states of the Organization of the Petroleum Exporting Countries (OPEC).
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Iran minister warns of ‘irreparable’ impact of sanctions on gas suppliers
Oct 25, 2022 18:59Minister of Petroleum Javad Owji has rebuked Western sanctions “on the most important owners of natural gas reserves”, saying their impact is “irreparable”.
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OPEC+ members back Riyadh amid US-Saudi tensions
Oct 17, 2022 11:34Several member states of OPEC+, the producer group comprising the Organization of the Petroleum Exporting Countries plus its allies, have expressed their endorsement of a recently agreed upon production cut, after the United States accused Saudi Arabia of coercing others to support the move.
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India says it will buy oil 'from wherever it has to'
Oct 08, 2022 12:43India will continue to buy oil from wherever it has to, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has said, noting no country has told New Delhi to stop buying Russian oil.
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US lawmakers pushing to cut military support for Saudi Arabia in response to OPEC+ oil cuts
Oct 07, 2022 10:35A group of Democratic lawmakers has introduced a bill to end Washington’s military support for Saudi Arabia and the UAE as the Biden Administration is mulling a response to the recent OPEC+ decision to cut output by two millions barrels a day.
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OPEC secretary general highlights Iran’s important role in stabilizing oil market
Aug 01, 2022 19:57The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market.
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Iran, OPEC grieve sudden death of Nigeria’s Barkindo
Jul 06, 2022 12:18Mohammad Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), has passed away unexpectedly at the age of 63.