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OPEC+ discussing deepening oil production cuts, sources say

Saturday, 03 June 2023 12:17
OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut.

Iran newspapers: The unity of OPEC members against the divisiveness of the West

Sunday, 28 May 2023 07:23
Iranian President Ebrahim Raisi told the secretary general of OPEC on Saturday that he hopes oil producers can calm down the market, calling for the unity of OPEC members against the divisiveness of the West.

Pres. Raisi: Unity of OPEC members essential to stabilize oil market

Saturday, 27 May 2023 18:41
Tehran (IP)- Iranian President Ebrahim Raisi called on the OPEC member states to care about the division the Western countries try to cast among them.

Underinvestment could trigger oil market volatility, says OPEC SG.

Monday, 22 May 2023 21:30
OPEC Secretary-General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.

Iraq does not expect OPEC+ to make further oil production cuts

Saturday, 13 May 2023 14:09
Iraq anticipates that the upcoming OPEC+ meeting on June 4 will not reach a decision on extra oil production cuts, Iraqi oil minister told Reuters.

OPEC+ states to further cut oil production

Monday, 01 May 2023 22:18
Several members of the OPEC+ group, including Saudi Arabia and Russia, the cartel’s two biggest oil producers, have begun reducing crude output.

OPEC +, showing power with energy card

Wednesday, 05 April 2023 13:14
Tehran (IP) - OPEC+ members decided to reduce their crude oil supply by another 1.6 million barrels per day from May 2023 until the end of this year.

OPEC+ cut risks straining tight oil market: IEA

Tuesday, 04 April 2023 20:42
Tehran (IP)- Oil production target cuts announced by the OPEC+ group over the weekend risk exacerbating a strained market and pushing up oil prices amid inflationary pressures, the International Energy Agency (IEA) said on Monday.

Major oil exporting countries slash oil production

Monday, 03 April 2023 00:26
Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move that analysts said would cause an immediate rise in prices.

World Newspapers: OPEC+ lock in crude output levels

Monday, 05 December 2022 20:28
Tehran (IP) - OPEC+ said Sunday it would lock in current production levels, a pause that suggests the world’s leading oil producers are uncertain about the direction of crude prices with a price cap on Russia’s petroleum exports set to take effect, Wall Street Journal reported.