-
OPEC to suffer from Saudi move to raise output: Zanganeh
Jul 16, 2018 16:33Iran says a recent move by Saudi Arabia to increase its production of oil despite last month’s agreement by the Organization of the Petroleum Exporting Countries (OPEC) to maintain supply limits has already put the credibility of the Organization at stake, stressing that Riyadh would be responsible for the future repercussions of this.
-
Iran blasts Trump's 'insulting' order to OPEC to raise output, reduce prices
Jul 07, 2018 16:58Iran says US President Donald Trump has insulted the Organization of the Petroleum Exporting Countries (OPEC) by trying to use political pressures to change the policies of the Organization.
-
Iran says Saudis ‘belittle’ OPEC if raise oil output
Jun 29, 2018 13:25Iran has strongly reacted to a purported plan by Saudi Arabia to increase its production of crude oil and says the alleged attempt would belittle the Organization of the Petroleum Exporting Countries (OPEC) which last week agreed to maintain supplies.
-
OPEC agrees nominal output rise of 1 million bpd from July
Jun 23, 2018 06:49The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil production by around one million barrels per day (bpd), or 1 percent of global supply, from next month, the oil minister of the body's kingpin Saudi Arabia says.
-
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.
-
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.
-
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.
-
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.
-
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."
-
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.