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OPEC and allies agree to extend record production cut

Saturday, 06 June 2020 17:13
OPEC and its oil-producing allies agreed to extend their current deal to slash production that was set to expire at the end of June.

OPEC and OPEC Plus ministers meet on Saturday

Saturday, 06 June 2020 02:13
The OPEC and OPEC Plus oil ministers' meeting, scheduled for June 9 and 10, will be held virtually on Saturday (June 6) at 2 and 4 p.m., Vienna time, respectively.

OPEC head sends letter of condolences to Zangeneh on death of Iran's governor

Saturday, 16 May 2020 20:17
Mohammad Sanusi Barkindo, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), sent an official letter of condolences to the Iranian Minister of Petroleum Bijan Zangeneh to express his sorrow for the death of Hossein Kazempour Ardebili, Iran’s OPEC governor.

Zarif offers condolences over demise of Iran's OPEC governor

Saturday, 16 May 2020 10:19
Tehran (IP) - Iran's Foreign Minister expressed condolences on the loss of the country's OPEC governor Hossein Kazempour Ardebili.

Iran's OPEC governor dies after brain haemorrhage

Saturday, 16 May 2020 07:38
Tehran (IP) - Iran's OPEC Governor Hossein Kazempour Ardebili has died of a brain hemorrhage two weeks after falling into a coma on Saturday morning.

OPEC alone cannot solve problem of oil market: Iran's Oil Minister

Wednesday, 22 April 2020 15:59
Tehran (IP) - Given the increase in supply and decrease in demand, as well as the uncertainty regarding the time when the Coronavirus will end, the oil market needs global cooperation, and OPEC alone cannot solve the problem of the oil market.

OPEC, oil nations reach deal to cut oil production by 9.7 million barrels per day

Monday, 13 April 2020 02:52
The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil-producing nations agreed Sunday to cut output by a record amount, representing around 10 percent of global supply to support oil prices amid the coronavirus pandemic.

OPEC, non-OPEC agree 10m-bpd decrease in production

Friday, 10 April 2020 15:29
Tehran (IP)- Iran’s Minister of Oil reported an agreement of a 10m-barrel-per-day decrease in oil production of the member states of OPEC and non-OPEC.

OPEC, Russia agreed to cut oil production by 10m barrels a day

Friday, 10 April 2020 02:31
OPEC and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.

Iran announces stance on coming OPEC meeting

Tuesday, 07 April 2020 21:48
Tehran (IP)- Iran's oil minister has announced consultations with some oil producers about the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC).