OPEC

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  • Page 4 2026-05-10 15:34

    Intensified production competition with UAE's exit from OPEC: analyst

    TEHRAN- An international oil and energy market analyst, stating that the UAE chose the worst time to leave OPEC, believes: "The world's energy market is now more than ever dependent on supply and demand conditions, and although the UAE's exit from OPEC does not threaten OPEC, it fuels competition among oil producers."

  • OPEC 2026-05-02 21:58

    By Xavier Villar

    The UAE, OPEC, and the collapse of the Persian Gulf order

    MADRID - The United Arab Emirates' decision to leave OPEC was presented by Abu Dhabi as a strategic move toward greater energy autonomy. The reality tells a different story. This departure represents the tacit acknowledgment of a deeper geopolitical defeat: the end of a decades-long project in which the Persian Gulf monarchies attempted to construct a regional order that excluded Iran. What we are witnessing is the collapse of the security architecture that has defined the Persian Gulf since 1981.

  • Page 4 2026-05-01 14:59

    Behind scenes of UAE's exit from OPEC: From disputes with Saudi Arabia to eyeing free market

    TEHRAN- Energy market analysts and observers believe that the UAE's exit from OPEC and the OPEC+ group will weaken the influence of the organization's member countries and their allies in the oil market and free up Abu Dhabi to increase its oil sales. However, they say it will not disrupt the cohesion of OPEC and OPEC+.

  • Iran oil 2026-04-15 10:09

    Iran's oil production reaches 3.06m bpd in March: OPEC

    TEHRAN- The OPEC Secretariat announced that Saudi Arabia, with a daily production of 7,799,000 barrels, and Iran, with 3,060,000 barrels, were the top producers among major OPEC members in March.

  • OPEC oil 2026-04-04 20:40

    OPEC oil output plunges over 7m barrels in March amid Hormuz disruption

    TEHRAN- A recent Reuters survey has revealed that OPEC's crude oil production in March 2026 fell by more than 7 million barrels per day (bpd) compared to February, marking the lowest output level since the height of the COVID-19 pandemic in June 2020.

  • Iran's daily oil production 2026-03-13 15:28

    Iran's daily oil production increases by 34,000 barrels in Feb.: OPEC 

    TEHRAN- The daily oil production of OPEC member countries, according to the latest report from the organization, increased by 164,000 barrels in February, reaching 28.630 million barrels per day. Iran's share of this increase was 34,000 barrels, which, after Venezuela, represents the highest production growth among member countries.

  • Iran oil 2026-02-27 14:21

    Iranian oil exports reach 2.2m bpd in February

    TEHRAN – Iran’s crude oil and condensate exports rose to 2.2 million barrels per day (bpd) in February, up 50 percent from the average of the previous three months, according to data from energy cargo tracking firm Kpler.

  • paknejad 2025-07-09 14:39

    Iran warns energy producers must not be targeted, citing threat to global stability

    TEHRAN – Iran’s Oil Minister Mohsen Paknejad warned that military aggression against energy-producing nations violates international law and threatens global stability, urging a commitment to peace and cooperation to ensure secure and sustainable energy supply.

  • opec 2025-06-16 15:09

    OPEC secretary-general condemns Israeli attack on Iran, offers condolences

    TEHRAN – The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) has condemned Israel’s recent attack on Iran, expressing solidarity with the Iranian government and people in a message to Oil Minister Mohsen Paknejad, who also serves as President of the OPEC Conference in 2025.