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OPEC+

Iranpress: Iran has returned to the fourth position in oil production within OPEC

Iran has returned to the fourth position in oil production within OPEC

Friday, 14 July 2023 21:17

IP- In June 2023, Iran produced 2.754 million barrels of oil, reclaiming its position from Kuwait after one year and seven months.

Iranpress: Russia, Persian Gulf top diplomats say OPEC+ efforts stabilize global oil market

Russia, Persian Gulf top diplomats say OPEC+ efforts stabilize global oil market

Tuesday, 11 July 2023 15:03

IP- Top diplomats from Russia and the Persian Gulf Arab states praised "the successful" efforts of the countries of the OPEC+ group, saying they contributed to the stability of the global oil market, a joint statement said on Monday.

Iranpress: S. Arabia hikes most August oil prices to Asia after supply cuts

S. Arabia hikes most August oil prices to Asia after supply cuts

Saturday, 08 July 2023 21:20

IP- Top oil exporter Saudi Arabia raised the prices for most of its crude oil to Asian customers in August for a second month after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.

Iranpress: OPEC+ oil, energy ministers underline market stability

OPEC+ oil, energy ministers underline market stability

Friday, 07 July 2023 09:36

Vienna (IP)- OPEC and OPEC+, oil and energy ministers, stressed the need to stabilize the oil market.

Iranpress: OPEC+ to keep pursuing efforts to stabilize oil market, Saudi minister says

OPEC+ to keep pursuing efforts to stabilize oil market, Saudi minister says

Wednesday, 05 July 2023 18:14

OPEC+ will continue pursuing efforts to stabilize the oil market and will do “whatever is necessary”, Saudi Arabia’s energy minister said.

Iranpress: Putin: OPEC+ oil output cuts are non-political

Putin: OPEC+ oil output cuts are non-political

Sunday, 18 June 2023 19:52

IP- Russian President Vladimir Putin said that decisions made by the OPEC+ group to cut oil production were "depoliticized" and were not related to what Moscow calls its "special military operation" in Ukraine.

Iranpress: Oil rises as Saudi cut supports and focus turns to Fed

Oil rises as Saudi cut supports and focus turns to Fed

Thursday, 08 June 2023 17:31

IP- Oil rose on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown.

Iranpress: Russia to extend voluntary oil production cut until end of 2024

Russia to extend voluntary oil production cut until end of 2024

Monday, 05 June 2023 15:10

Russia will extend its voluntary oil production cut of 500,000 barrels per day until the end of December 2024, Russian Deputy Prime Minister said on Sunday after a meeting of OPEC+ group of leading oil producers.

Iranpress: OPEC+ agree to extend oil output cuts

OPEC+ agree to extend oil output cuts

Monday, 05 June 2023 03:15

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut another one million barrels per day for at least a month starting in July.

Iranpress: OPEC+ discussing deepening oil production cuts, sources say

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.

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