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OPEC+ agrees to continue with current output increase for Jan.

Friday, 03 December 2021 01:37
The Organization of the Petroleum Exporting Countries and its allies reached a compromise on Thursday to continue with the current agreement, increasing their crude oil output by 400,000 BPD for January.

23rd OPEC+ ministerial meeting concludes

Friday, 03 December 2021 01:31
The 23rd OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, December 2, 2021, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.

OPEC president, head of Board of Governors appointed

Wednesday, 01 December 2021 19:50
Congolese Minister of Petroleum was elected as the Chairman of the OPEC conference; the Iraqi Representative to the OPEC Board of Governors was appointed as the Chairman of the board in 2022.

182nd OPEC meeting kicks off

Wednesday, 01 December 2021 18:35
Tehran (IP)- The 182nd meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago virtually with the Ministers of Oil and Energy of the organization attending.

Oil prices rise on reports that OPEC+ could reassess output

Tuesday, 23 November 2021 02:59
Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.

Iran, Algeria to keep on close collaboration in OPEC and GECF: Oil Min

Tuesday, 16 November 2021 23:59
Tehran (IP)- Iran's Minister of Petroleum said that Iran and Algeria will continue their close collaboration in OPEC and GECF, congratulating its nominee on his appointment as GECF’s secretary-general.

OPEC: Iranian heavy crude oil price increase by about 11 percent

Friday, 12 November 2021 14:39
Tehran (IP) - According to the latest monthly report of the Organization of Petroleum Exporting Countries (OPEC), the Iranian heavy crude oil price last month (October 2021) increased by about 11 percent.

Biden says he doesn’t see OPEC+ shifting to help with oil prices

Sunday, 07 November 2021 01:49
US President said on Saturday that he did not expect the OPEC Plus group, Saudi Arabia, and Russia to respond to his call to pump more oil into global markets.

Oil price increases after OPEC+ rebuffs US call for more supply

Friday, 05 November 2021 09:14
Oil prices increased more than 1% on Friday, staging a partial improvement after OPEC+ producers refused a US call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic.

OPEC+ agrees to raise crude oil output by 400,000 in Dec.

Friday, 05 November 2021 01:00
The Organization of the Petroleum Exporting Countries and its allied producers reached a consensus on Thursday on extending the current crude oil output plan and raising their production by 400,000 b/d for December.