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Iranpress: OPEC+ actual oil production fall to be lower than quota cuts

OPEC+ actual oil production fall to be lower than quota cuts

Tuesday, 11 October 2022 12:46

IP- The decision by the Organization of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, to cut oil production by two million barrels per day (bpd) starting in November will have a muted impact on the global oil market since the actual output cuts will be smaller, Fitch Ratings said Monday.

Iranpress: Lack of fuel in France makes people wait in long lines at gas stations

Lack of fuel in France makes people wait in long lines at gas stations

Sunday, 09 October 2022 10:28

On Saturday, long queues formed at service stations in and around Paris, the capital of France. Roughly one in five petrol stations in the country is not being supplied as strikes at four Total Energies refineries continue for the 10th day. Strike action and unplanned maintenance have taken over 60 percent of France's refining capacity offline. 214

Iranpress: Biden

Biden's foreign policy with Saudi Arabia has 'failed' 'badly': Washington Post

Sunday, 09 October 2022 08:46

The Washington Post writes that the US administration has "failed" "badly" in persuading the Saudi Arabian government to help with US energy policy after OPEC recently cut crude oil production by 2 million barrels per day.

Iranpress: US suggests relaxing sanctions against Venezuela to boost oil exports: Russia

US suggests relaxing sanctions against Venezuela to boost oil exports: Russia

Friday, 07 October 2022 21:04

Moscow (IP) - Washington may ease sanctions against Venezuela in order to increase oil supplies to the global market; however, experts insist that this won’t compensate for the reduction in oil output from the OPEC+ deal, Russian daily Vedomosti reported.

Iranpress: Iran to become region

Iran to become region's energy hub

Thursday, 06 October 2022 12:04

Moscow IP – Iranian Minister of Petroleum, said on Thursday that Iran-Russia oil and gas swap would make Iran the region's energy hub.

Iranpress: World Newspapers: OPEC+ to weigh sharp cut in oil output

World Newspapers: OPEC+ to weigh sharp cut in oil output

Monday, 03 October 2022 20:25

The Organization of the Petroleum Exporting Countries and Moscow-led allies, collectively known as OPEC+, is considering a cut of more than 1 million barrels a day, delegates in the group said. 203

Iranpress: Germany

Germany's inflation at historical high level in August

Tuesday, 20 September 2022 21:15

Germany's producer prices increased by 45.8% year-on-year in August, hitting a historically high level.

Iranpress: Iran to increase oil export to Central Asia

Iran to increase oil export to Central Asia

Friday, 16 September 2022 20:26

Tehran (IP) - Iran's Deputy Minister of Oil for International Affairs says Iran will increase oil export to Uzbekistan.

Iranpress: EU

EU's Michel to discuss energy, Iran on Qatar trip

Sunday, 04 September 2022 19:36

The European Council President will hold talks with major gas producer Qatar on Europe's energy crisis during a visit to Doha this week, a Qatari government official said on Sunday.

Iranpress: Saudi coalition seizes 4th Yemeni tanker

Saudi coalition seizes 4th Yemeni tanker

Sunday, 28 August 2022 09:51

Al Hudaydah (IP) – The Yemeni Oil Company announced that the Saudi coalition had seized another Yemeni fuel-carrying ship on Saturday.

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