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2022-02-19 15:57
OPEC+ would seek to woo Iran into supply cut deal post sanctions
TEHRAN - Sources close to the Organization of Petroleum Exporting Countries (OPEC) have told Reuters that OPEC+ is expected to persuade Iran to join the group’s cut deal if the U.S. sanctions are lifted from the country’s oil industry.
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2020-12-01 13:09
Iran’s Zamaninia elected as chairman of OPEC executive board in 2021
TEHRAN - Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia who is the country’s governor at the Organization of Petroleum Exporting Countries (OPEC) has been elected as the new chairman of the OPEC executive board for 2021.
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2020-04-13 16:30
Analysts calling OPEC, allies historic deal ‘insufficient’
TEHRAN – After four days of deliberation and drama, the Organization of Petroleum Exporting Countries (OPEC) and its Russian-led allies finally managed to get Mexico to join a global pact for cutting oil production by 9.7 million barrels per day (bpd) in May and June.
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2019-04-10 21:46
By Ebrahim Fallahi
Worries over global economy outweighs geopolitical factors in setting oil prices
TEHRAN – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.
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2019-04-02 12:49
Extending OPEC-non-OPEC deal not difficult: Zanganeh
TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said extending the deal between OPEC and the group of non-OPEC oil producing countries on output cut is not a difficult task, Shana reported.