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July 06, 2025
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Oil Price
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.
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.
Crude oil prices surge in world markets to new record since October
Saturday, 11 February 2023 02:05
Crude oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions.
South Africa declares state of disaster over energy crisis
Friday, 10 February 2023 02:02
South African President on Thursday declared a national state of disaster over his country's crippling power shortages, saying they posed an existential threat to the economy and social fabric.
Pakistan government lifts petrol, diesel prices
Sunday, 29 January 2023 23:46
Cash-strapped Pakistan’s government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.
Iran oil sales, steady, growing: Spokesman
Tuesday, 03 January 2023 17:14
Tehran (IP)- The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: "Last month, we saw record exports since the beginning of the new round of sanctions, i.e. since 2018.”
Saudi Aramco issued a dire warning over 'extremely low' capacity
Tuesday, 20 December 2022 08:14
Saudi Aramco — the world’s largest oil producer — issued a dire warning over 'extremely low' capacity.
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.
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.
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