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April 23, 2024
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OPEC+
Saudi Arabia raises crude prices for Asia for third month
Sunday, 09 April 2023 18:03
IP- Saudi Arabia, the world's top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
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.
Ministerial meeting of monitoring committee of oil countries takes place
Monday, 03 April 2023 17:23
IP- The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 3 April 2023.
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.
Oil prices climb after OPEC+ keeps output unchanged
Monday, 05 December 2022 08:50
Oil prices rose as much as 2 percent on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
Iran believes an excess of supply in oil market can have a negative impact
Sunday, 04 December 2022 19:21
Tehran (IP)- Iran's oil minister says that excess supply in the coming months can have a negative impact on the oil market.
OPEC+ sticks to 2mbd output cut
Sunday, 04 December 2022 18:25
Tehran (IP) - The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.
185th OPEC meeting held online
Sunday, 04 December 2022 10:22
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
OPEC Secretary General warns of fluctuation in oil market
Monday, 17 October 2022 04:31
The secretary general of the Organization of Petroleum Exporting Countries (OPEC), said today that the oil markets are going through a stage of great fluctuations.
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