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Oil Price

Iranpress: OPEC picks Kuwait

OPEC picks Kuwait's al-Ghais as head

Tuesday, 04 January 2022 08:15

Vienna (IP) - OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s secretary-general.

Iranpress: 23rd OPEC+ ministerial meeting concludes

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.

Iranpress: 182nd OPEC meeting kicks off

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.

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

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.

Iranpress: Political standoff led to resignation of second Kuwait cabinet

Political standoff led to resignation of second Kuwait cabinet

Monday, 08 November 2021 19:04

Kuwait’s government resigned Monday for the second time this year after opposition lawmakers hindered fiscal reform; an action to pave a way to solve the political standoff in the country.

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

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.

Iranpress: Iran’s oil sales improve: Minister

Iran’s oil sales improve: Minister

Wednesday, 03 November 2021 09:53

Tehran (IP) - Minister of Petroleum says Iran’s oil sales have improved.

Iranpress: OPEC+ increases 400k bpd in oil output in Nov

OPEC+ increases 400k bpd in oil output in Nov

Monday, 04 October 2021 18:08

Vienna (IP)- During the 21st ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC on Monday, they reached an agreement to raise their total crude oil output by 400,000 bpd for November.

Iranpress: OPEC+ increases crude oil output

OPEC+ increases crude oil output

Wednesday, 01 September 2021 21:15

Tehran (IP) - During the 20th OPEC and non-OPEC ministerial meeting, known collectively as OPEC+, the block agreed to continue increasing 400,000 barrels of crude oil output per day in October.

Iranpress: Oil industry at forefront of economic war amid sanctions

Oil industry at forefront of economic war amid sanctions

Wednesday, 25 August 2021 11:55

Tehran (IP) - Defending his plans in the open session of Iran's Parliament on Wednesday, the proposed oil minister said the oil industry was at the forefront of the economic war when the country was under sanctions.

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