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Oil Price

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: 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: UAE strives to dominate Yemen

UAE strives to dominate Yemen's oil resources

Friday, 13 March 2020 20:04

The United Arab Emirates seeks to seize Yemen’s wealth including its oil fields.

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.

Iranpress: OPEC and non OPEC exporters fail to agree on supply cut

OPEC and non OPEC exporters fail to agree on supply cut

Friday, 06 March 2020 21:38

OPEC and non-OPEC oil-exporting countries failed to agree on how much oil production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis.

Iranpress: Iran

Iran's oil Rig called 'Rig 72 Fath' inaugurated in Khuzestan

Tuesday, 18 February 2020 17:41

Tehran (IP) - Iranian Minister of Petroleum Bijan Zangeneh has inaugurated a domestically-built drilling oil Rig called 'Rig 72 Fath' in Southern city of Ahvaz in Khuzestan province, southwestern Iran on Tuesday.

Iranpress: Parsi, Paranj oilfields to rise $6 billion to Iran petro-income: Oil Minister

Parsi, Paranj oilfields to rise $6 billion to Iran petro-income: Oil Minister

Saturday, 08 February 2020 14:17

Tehran (IP) - Iranian oil minister said with Parsi and Paranj oil projects the country's exploration will be increased up to 120 million barrel which will add $6 billion of income to the country petro-income.

Iranpress: What EU says about trigger mechanism not operational: Iran

What EU says about trigger mechanism not operational: Iran's Vaezi

Wednesday, 05 February 2020 11:16

Tehran (IP) - Chief of Staff of the President of Iran Mahmoud Vaezi has said the High Representative of the European Union Josep Borrell's remarks in Tehran shows that what the EU says about the trigger mechanism is not operational.

Iranpress: OPEC agrees to cut production another 500,000 bpd

OPEC agrees to cut production another 500,000 bpd

Friday, 06 December 2019 20:50

Organization of Petroleum Exporting Countries OPEC agreed to cut production 500,000 barrels per day in addition to the current deal.

Iranpress: Iran

Iran's Petroleum Minister arrives in Vienna to attend OPEC summit

Thursday, 05 December 2019 12:41

Iran's Petroleum Minister arrived in Vienna of Austria on Thursday morning to attend the 170th summit of the Petroleum Exporting Organization's (OPEC) countries.

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