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No Room for noncompliance over OPEC+ production cuts: Saudi Arabia

Tuesday, 09 June 2020 13:14
Saudi Energy Minister Prince Abdulaziz bin Salman said during a virtual press conference on Monday that there is no room whatsoever for lack of conformity.

Iran: OPEC to keep cutting output if Non-OPEC agrees

Saturday, 06 June 2020 19:53
Tehran (IP) - Iran’s Minister of Petroleum said OPEC ministers agreed on Saturday to continue cutting 9.6 Million Barrels Per Day (MMbd) from their output provided that non-member allies agree on it.

Iran names new OPEC governor

Saturday, 06 June 2020 18:45
Tehran (IP) - Iran’s Deputy Minister of Petroleum for International Affairs, Amir-Hossein Zamaninia, has been accepted as the country’s new OPEC governor.

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.