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Organization of the Petroleum Exporting Countries

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

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.

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

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.

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

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.

Iranpress: Iran announces stance on coming OPEC meeting

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).

Iranpress: OPEC meeting delayed due to tension between Saudi Arabia and Russia

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.

Iranpress: Russia ready to cooperate on cutting oil production, Putin says

Russia ready to cooperate on cutting oil production, Putin says

Saturday, 04 April 2020 06:00

Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.

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

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.

Iranpress: Iran announces readiness to receive cash, non-cash aid to counter Corona

Iran announces readiness to receive cash, non-cash aid to counter Corona

Friday, 13 March 2020 17:45

Tehran(IP) - The Ministry of Economy, due to the widespread prevalence of Coronavirus worldwide, has sent separate letters to development banks, announcing the necessary and urgent items announced readiness to receive cash and non-cash aid.

Iranpress: Covid-19 hits markets, creating Black Monday

Covid-19 hits markets, creating Black Monday

Monday, 09 March 2020 23:12

Shares around the world are facing their worst day since the 2008 financial crisis with the dramatic falls leading to the day being dubbed 'Black Monday' due to the impact of coronavirus on the global economy.

Iranpress: Saudi-Russian breakup could collapse oil prices

Saudi-Russian breakup could collapse oil prices

Sunday, 08 March 2020 10:36

An alliance between Saudi Arabia and Russia that has helped to prop up world oil prices for the past three years has collapsed, threatening to send the market into freefall.

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