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Saudi, Russia leave world guessing after OPEC meeting
Dec 06, 2018 14:36OPEC has tentatively agreed an oil output reduction but is reportedly waiting for Russia to declare its commitment before deciding the exact volumes for a cut aimed at propping up crude prices.
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Iran expects OPEC exemption from new oil output deal
Dec 06, 2018 06:35Iran says it should be exempted from any oil production cut deal as long as it remains under “illegal” US sanctions.
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Iran raps US envoy’s meetings with OPEC members as ‘unprofessional, meddlesome’
Dec 06, 2018 02:51The Iranian oil minister has lashed out at US Special Representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.
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Iran carefully watching next OPEC/non-OPEC move
Dec 05, 2018 14:19Iran is carefully monitoring the next steps by some OPEC members and their allies which have “arbitrarily” ramped up oil production, leading to a crash in prices.
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Qatar to quit OPEC in January
Dec 03, 2018 12:43Qatar in a surprise announcement says it will leave the Organization of the Petroleum Exporting Countries (OPEC) next month in a move that appears to have been meant to take a swipe at the group’s de factor leader Saudi Arabia.
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Disputes emerge as oil majors prepare to discuss prices
Nov 28, 2018 16:49As the world’s biggest oil producers are preparing to meet next week to discuss production and market prices, some early signs show differences could prevent them from sealing a new deal to reduce output and boost prices.
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Saudi violated OPEC pact under US pressure: Iran
Oct 23, 2018 10:20Iran’s Oil Minister says Saudi Arabia has submitted to US pressure, violating an OPEC agreement reached in June not to raise its production.
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Iran: US seeking to politicize OPEC's decisions
Sep 25, 2018 12:36Iran's OPEC Governor Hossein Kazempour Ardabili blasted the US for trying to politicize the decisions by the Organization of the Petroleum Exporting Countries (OPEC).
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Trump’s demands faced negative response from OPEC: Iran
Sep 24, 2018 10:52Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
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Iran says will veto any OPEC decision harming its interests
Sep 21, 2018 00:41Iranian minister of petroleum has warned fellow OPEC members against any effort to appease the US, saying Tehran will veto any decision by the Organization of Petroleum Exporting Countries that harms Iran's national interests.