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OPEC meeting delayed due to tension between Saudi Arabia and Russia

Sunday, 05 April 2020 08:20
The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, as tensions between Saudi Arabia and Russia mount.

OPEC Fund approves $500,000 to help Iran fight Coronavirus

Thursday, 02 April 2020 18:56
Tehran (IP) - Iran announced the approval of a $500,000 financial aid by OPEC Fund for International Development (OFID) in the fight against Coronavirus.

Iran's Zangeneh: Today's OPEC meeting, a worst in history

Friday, 06 March 2020 22:00
Iran's oil minister called the joint OPEC and non-OPEC oil ministerial meeting the worst meeting in the organization's history ended on Friday, with no result.

OPEC and non OPEC exporters fail to agree on supply cut

Friday, 06 March 2020 21:38
OPEC and non-OPEC oil-exporting countries failed to agree on how much oil production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis.

OPEC waiting for non-OPEC approval of historic output cuts

Friday, 06 March 2020 14:13
Iranian Minister of Petroleum Bijan Zangeneh says OPEC has decided to wait for an agreement with non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.

OPEC officials greet with their feet, avoiding hugs

Thursday, 05 March 2020 08:49
As the world battles a coronavirus outbreak, OPEC ministers attending the meeting in Vienna greet with their feet while avoiding hugs.

Oil market, reeling from supply glut: Zangeneh

Wednesday, 04 March 2020 15:51
Vienna (IP) – Iran's Minister of Petroleum has said there is an oversupply in the crude oil market, adding OPEC and non-OPEC producers need to discuss how to ensure market balance.

Iran and OPEC discuss oil market

Thursday, 20 February 2020 17:46
Vienna (IP)- Iran's ambassador and permanent representative to Vienna-based international organizations met with OPEC secretary-general in Vienna to talk about developments in the oil market.

Urgent OPEC meeting needs prior mutual understanding: Oil Minister

Saturday, 08 February 2020 20:32
Tehran (IP) - Oil Minister Bijan Namdar Zangeneh said if an early ministerial meeting was to be held, an agreement had to be reached prior to the meeting rather than discussing an agreement during the meeting.

OPEC agrees to cut production another 500,000 bpd

Friday, 06 December 2019 20:50
Organization of Petroleum Exporting Countries OPEC agreed to cut production 500,000 barrels per day in addition to the current deal.