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OPEC

Iranpress: OPEC+ Convenes to Set Future Oil Production Strategy

OPEC+ Convenes to Set Future Oil Production Strategy

Thursday, 29 May 2025 09:46

The Organization of the Petroleum Exporting Countries (OPEC) convened its 191st Ministerial Meeting via video conference, bringing together ministers and senior representatives from 12 member nations to discuss the maximum sustainable production capacity.

Iranpress: OPEC Reports Increase in Iranian Oil Prices

OPEC Reports Increase in Iranian Oil Prices

Thursday, 13 February 2025 11:37

According to the latest monthly report from OPEC, the price of Iranian heavy crude oil rose by $6.65, or 9.1%, in January compared to December, reaching $79.65 per barrel.

Iranpress: Iran

Iran's President Stresses Importance of Political Neutrality in OPEC

Wednesday, 05 February 2025 20:13

Tehran (IP) - President Masoud Pezeshkian emphasized the importance of keeping OPEC free from political maneuvering, stating that if member countries act in unity, the U.S. cannot exert pressure on any individual member.

Iranpress: Trump Calls Saudi Arabia to Invest $1 Trillion in U.S.

Trump Calls Saudi Arabia to Invest $1 Trillion in U.S.

Friday, 24 January 2025 12:45

Tehran (IP) - Donald Trump, the President of the United States, criticized the previous administration and claimed that Saudi Arabia is set to invest $1 trillion in the country while urging OPEC and Riyadh to lower oil prices.

Iranpress: Iranian Oil Minister Elected as OPEC President

Iranian Oil Minister Elected as OPEC President

Wednesday, 11 December 2024 02:55

Mohsen Paknejad, the Iranian oil minister, has been elected as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) for the upcoming year.

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