Iran has been and will remain a frontier in OPEC: Barkindo

TEHRAN - OPEC Secretary-General Mohammad Barkindo has stressed the important role of Iran as one the founders of OPEC saying that Iran will always be a frontier in the future of the organization.

Russia turns down permanent alliance with OPEC 

Moscow has ditched the idea of launching a joint structure with the Organization of the Petroleum Exporting Countries (OPEC) but will continue to cooperate with major oil producers, according to the Russian energy ministry.

OPEC has shown it can reach deal despite splits: Zanganeh

Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.

By Javad Heirannia

Continuation PGCC crisis will increase Turkish footprint in Qatar: Entessar

TEHRAN - Nader Entessar, Professor Emeritus of Political Science from university of South Alabama says that Turkey's military base in Qatar allows Ankara to project power in the Persian Gulf while maintaining close ties to Doha.

Iran’s president: OPEC agreement dealt yet a new blow to U.S.

TEHRAN – Iranian President Hassan Rouhani has said the Organization of the Petroleum Exporting Countries’ recent agreement in Vienna marked a new defeat for the U.S. and thwarted its intrusive plots.

By Payman Yazdani

Qatar withdraw from OPEC may increase Iran’s production share: Zaccara

TEHRAN - Dr. Luciano Zaccara says Qatar withdraw from OPEC may increase the quota (of power and production) that OPEC may allocate to Iran, which is not in line with the US policy towards Iran. 

By Payman Yazdani

Iran is able to export 1 million bdp of oil despite U.S. sanctions: expert

TEHRAN - Refereeing to withdrawal of Qatar from OPEC, Omid Shukri says Iran will be able to export 1 million barrels of oil despite Washington's effort to cut Iran's export to zero.

By Payman Yazdani

Political squabbles among OPEC members have weakened its efficacy: Entessar

TEHRAN - Touching upon the Qatar’s reasons to withdraw from OPEC, Prof. Entessar said political squabbles among its members have weakened OPEC's efficacy.  

By: Ebrahim Fallahi

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

OPEC agrees on larger-than-expected oil cut after marathon talks

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.

Producers reach accord to remove 1.2 million barrels a day

OPEC agrees on larger-than-expected oil cut

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.

OPEC yet to agree on final deal

VIENNA- Saudi Arabia’s energy minister said he wasn’t confident OPEC would reach a deal on Friday to cut oil output as sources said the producer group’s leader had yet to agree on exemptions for sanctions-hit Iran. 

Zanganeh leaves Tehran for Vienna to participate in OPEC meeting

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Vienna on Wednesday afternoon to take part in the 175th Ordinary Meeting of the Organization of the Petroleum Exporting Countries (OPEC), Shana news agency reported.

Energy-Rich Qatar to Pull Out of OPEC in January Amid Isolation in Gulf, Says 'No Potential in Oil'

Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday.

OPEC puts Iran’s Oct. oil output at 3.296m bpd

TEHRAN- Iran produced 3.296 million barrels per day (bpd) of oil in October, a 156,000 bpd decrease from 3.452 million bpd in August, according to OPEC’s latest monthly report published on Tuesday citing the secondary sources.

OPEC puts Iran’s Sept. oil output at 3.447m bpd

TEHRAN- Iran produced 3.447 million barrels per day (bpd) of oil in September, a 150,000 bpd decrease from 3.597 million bpd in August, according to OPEC’s latest monthly report published on Thursday citing secondary sources.

By Ebrahim Fallahi

OPEC defies Trump’s call for more oil, now what ?

The 10th gathering of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC members on Sunday ended, as Iran insisted, without any direct decision on additional supply boost.

OPEC, Russia rebuff Trump's call for immediate boost to oil output

OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.

OPEC puts Iran’s Aug. oil output at 3.584m bpd

TEHRAN- Iran produced 3.584 million barrels per day (bpd) of oil in August, a 150,000 bpd decrease from 3.734 million bpd in July, according to OPEC’s latest monthly report published on September 12 citing secondary sources.

Iran says no OPEC member can take other member’s share of oil exports

TEHRAN- No OPEC member country can take over another member’s share of oil exports, Iran’s permanent envoy to Vienna-based international organizations said in a meeting with OPEC Secretary-General Mohammad Barkindo on Sunday.

Iran’s oil production stands at 3.737m bpd in July: OPEC

TEHRAN- According to OPEC’s latest monthly report published on August 13, oil production in Iran stood at about 3.737 million barrels per day (bpd) in July, falling 56,300 bpd from 3.793 million bpd in June, based on secondary sources.

Iran’s oil production stands at 3.799m bpd in June: OPEC

TEHRAN- According to OPEC’s latest monthly report published on July 11, oil production in Iran stood at about 3.799 million barrels per day (bpd) in June, falling 22,700 bpd from 3.822 million bpd in May, based on secondary sources.

Iran to continue oil exports despite U.S. disruptive measures: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production and exports have not changed significantly despite U.S. efforts for disrupting Iran’s market, IRIB reported on Saturday.

Unilateral production rise would breach OPEC’s deal: Zanganeh

TEHRAN- Any unilateral measure to boost oil output above OPEC's current limits would breach the producer group's recent deal, Iranian Oil Minister Bijan Zanganeh said Saturday in a letter to OPEC President Suhail Mohamed Al Mazrouei.

By Mohammad Ali Haqshenas and Payman Yazadani

SCO long term investment for Iran, not solution to urgent issues: Bininachvili

TEHRAN - Dr. Albert Bininachvili, professor of political science at the Columbia University believes Iran's SCO membership is a long term investment for Tehran and doesn’t necessarily provides Iran with solutions to its most urgent issues.

By: Ebrahim Fallahi

The aftermath of OPEC’s decision on rising output

The members of the Organization of the Petroleum Exporting Countries (OPEC) reached a consensus on Friday to increase their crude output in order to address concerns over rising oil prices, however the group didn’t give any clear information regarding the amount and allocations of the rise. Now, the question is how this decision is going to project in the oil market?