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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.
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Saudi Arabia plans to increase oil output next month, well above 10mn bpd: Bloomberg
Mar 08, 2020 08:33Saudi Arabia, the world's top crude exporter, reportedly plans to increase oil output next month to more than 10 million barrels per day (bpd) after its OPEC+ alliance with Russia collapsed, a move that would throw oil market into chaos.
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OPEC agrees to deepest cut since 2008, Iran exempt: Minister
Mar 05, 2020 17:04Members of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to fresh cuts to the global oil production, says Iran’s Oil Minister Bijan Namdar Zanganeh, adding that the country would remain exempt from the cuts described as the deepest since the 2008 global financial crisis.
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Oil producers move to curb output, shore up sagging prices
Feb 04, 2020 15:19OPEC and non-OPEC producers may shave another 500,000 barrels per day off their oil output as the impact from a coronavirus epidemic is weighing on the market.
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Iran first OPEC nation to produce, export oil processing catalysts: Manufacturer
Jan 22, 2020 05:50Iran has become the first member state of the Organization of the Petroleum Exporting Countries (OPEC) that can produce and export sophisticated catalysts used in oil and gas processing.
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Iran says Russia’s demand from OPEC+ on condensates rightful
Dec 06, 2019 07:07Iran has backed Russia’s request from the Organization of the Petroleum Exporting Countries (OPEC) that oil condensates should not be included in the country's overall output figures as others suggest Moscow is violating a pact meant to reduce the global supply.
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Clash of titans: Is OPEC+ deal nearing its end?
Dec 05, 2019 18:46Preparing for the Aramco’s Initial Public Offering (IPO) in the past year, Saudi Arabia turned a blind eye to the OPEC+ group members’ violations from the agreed production levels by major producers like Russia and Iraq and shouldered the burden by cutting its own output more than agreed to offset the over-production. However, new signals are emerging which indicate that the kingdom is no longer willing to undermine its production for the sake of higher oil prices.
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OPEC, allies may deepen output cuts: Iraqi oil minister
Dec 02, 2019 13:28OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd, Iraq's oil minister said on Sunday.
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OPEC+ discuss possible easing of Iran sanctions: Saudi minister
Sep 13, 2019 06:22Members of the Organization of the Petroleum Exporting Countries and allies, a grouping known as OPEC+, have discussed in their latest meeting that the United States might ease sanctions imposed on Iran’s oil sale and what impact they might have on future of the global supplies.