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Oil prices steady after US call for more oil raises supply concerns
Aug 12, 2021 11:50Oil prices remained steady on Thursday following two days of gains after a call by the US for major producers to increase output reinforced supply concerns.
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Iran’s senior policymaker vows support for OPEC market policies
Aug 06, 2021 04:36A senior Iranian policy-maker has vowed support for market policies of the Organization of Petroleum Exporting Countries (OPEC).
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Iran’s July exports steady as OPEC pumps record crude: Report
Aug 01, 2021 05:19Iran has pumped steady amount of crude in July despite a 15-month record production reported by the Organization of Petroleum Exporting Countries (OPEC), a survey shows.
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High oil prices won’t benefit producers in long-run: Zanganeh
Jul 18, 2021 16:56Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
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Iran won’t hesitate to return to oil market, Zanganeh tells OPEC+
Jul 04, 2021 05:54Iran’s Oil Minister Bijan Namdar Zanganeh has told the OPEC+ alliance of oil producing nations that Iran will not hesitate to return to the oil markets once US sanctions on the country are lifted.
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OPEC members concerned how Iran will return to oil market: Minister
Jul 01, 2021 18:40Oil Minister Bijan Namdar Zanganeh says that some members of the Organization of Petroleum Exporting Countries (OPEC) are concerned about how a return of Iranian supplies to the international markets would affect the prices.
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Iran crude output up by 13.4% in April: OPEC data
May 14, 2021 04:23Iran increased its crude output by 13.4% in April compared to March, shows figures by the Organization of Petroleum Exporting countries (OPEC), as the country moves ahead with plans to offset losses suffered to production during more than three years of American sanctions targeting its oil sales.
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OPEC says Iran raised crude oil output in March by 6.3%
Apr 15, 2021 05:45Iran increased its crude oil output in March by 6.3%, according to latest data by the Organization of Petroleum Exporting Countries (OPEC), as the country moves to offset cuts to production suffered in recent years because of US sanctions.
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Iran OPEC’s biggest gasoline producer: Official
Feb 05, 2021 13:23A deputy oil minister said Iran needs to reduce the domestic gasoline consumption by switching to vehicles fueled by compressed natural gas (CNG) in order to maintain its place as the largest producer of gasoline in the Organization of the Petroleum Exporting Countries (OPEC).
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Narrowing of OPEC+ cuts insignificant to global supply: Zanganeh
Jan 06, 2021 05:57Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.