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Oil Price
Brazil to join OPEC+, Petrobras CEO says
Saturday, 02 December 2023 18:54
The chief executive of state-run oil firm Petrobras said that Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps,.
OPEC+ to reduce oil production by 2.2 mln bpd
Friday, 01 December 2023 09:31
Vienna (IP) : A number of OPEC+ countries will voluntarily reduce oil production in the first quarter of 2024 by 2.2 million bpd, the organization said in a press release.
Brent oil slips toward $80 ahead of OPEC+ meeting
Monday, 27 November 2023 16:07
Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors waited for an OPEC+ meeting later this week for an agreement expected to curb supplies into 2024.
Iran's oil production increases to 3.6 million barrels per day
Tuesday, 21 November 2023 15:09
Tehran (IP) - The Minister of Oil of the Islamic Republic of Iran announced the increase of Iran's oil production to 3.6 million barrels per day.
Oil Min: Government is implementing oil projects worth $50 bn.
Saturday, 18 November 2023 19:03
Tehran (IP) – Iran’s 13th (incumbent) administration has offered new oil projects worth more than $50 billion, said Oil Minister Javad Owji.
Iran, Belarus sign oil cooperation document
Tuesday, 17 October 2023 19:27
Minsk (IP) – Iran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
Minister says U.S. senators have confirmed rise in Iran’s oil output, exports
Saturday, 30 September 2023 19:17
IP- U.S. senators and Western media have confirmed the increase in Iran’s oil production and exports despite sanctions over the past two years, said Iranian Oil Minister Javad Owji on Saturday.
Saudi Arabia to cut oil supply
Tuesday, 19 September 2023 10:54
(IP)- The Saudi minister announced his country's decision to cut oil supply to stabilize the market.
Owji says ‘Iran will export oil wherever it wants’
Sunday, 17 September 2023 16:11
Tehran (IP)- Iran’s Oil Minister Javad Owji on Sunday said his country “will export crude oil and gas condensates wherever it wants.”
Oil rises to highest in 2023 on tight supply expectations
Friday, 15 September 2023 05:47
Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising US crude inventories.
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