OPEC

SA pledges oil cuts in July as OPEC+ extends deal into 2024

HRAN, Jun. 05 (MNA) – Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
2023-06-05 10:45
OPEC+ discussing deepening oil production cuts, sources say

TEHRAN, Jun 03 (MNA) – OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told media outlets on Friday as oil prices fell towards $70 per barrel.
2023-06-03 14:35
Al Ghais:

OPEC will welcome Iran’s full return to oil market

TEHRAN, May 30 (MNA) – OPEC welcomes back the full return of Iran’s oil production to the oil market, once the sanctions against its oil sector are lifted, Secretary-General of OPEC Haitham al-Ghais said.
2023-05-30 12:15
Raeisi:

Western states seeking division between OPEC countries

TEHRAN, May 27 (MNA) – Saying that several Western states are seeking division between OPEC member states, Iranian President Ebrahim Raeisi called on OPEC member countries to preserve cohesion and unity.
2023-05-27 15:16
OPEC+ states voluntary cut oil production until yearend

TEHRAN, May 01 (MNA) – A number of countries participating in the OPEC+ agreement have voluntarily reduced their oil production beginning from May 1 until the end of the year.
2023-05-01 13:25
Putin, bin Salman discuss efforts to solve Middle East crises

TEHRAN, Apr. 21 (MNA) – In a Friday phone call, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed efforts to resolve crises in the Middle East.
2023-04-21 19:00
Iran’s rank improved among top oil producers

TEHRAN, Jan. 23 (MNA) – Iran’s position improved in the ranking of the top oil producers in the world, OPEC reported.
2023-01-23 13:46
Iran warns of ‘irreparable’ sanctions impact on gas suppliers

TEHRAN, Oct. 25 (MNA) – Iran’s Minister of Petroleum Javad Owji has rebuked Western sanctions “on the most important owners of natural gas reserves”, saying their impact is “irreparable”.
2022-10-25 21:43
Amid OPEC+ measure:

US to release 15M barrels from oil strategic reserve

TEHRAN, Oct. 19 (MNA) – After the OPEC+ decision to cut oil production, US President Biden is set to announce Wednesday that the US plans to draw 15 million barrels of oil out of its strategic stockpiles in December.
2022-10-19 13:40
OPEC+ members line up to endorse output cut after US claims

TEHRAN, Oct. 17 (MNA) – OPEC+ member states lined up to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move.
2022-10-17 17:00
Saudi King repeats claims on Iran cooperation with IAEA

TEHRAN, Oct. 17 (MNA) – In his latest statements on regional and international issues, King Salman leveled baseless claims regarding Iran's cooperation with the International Atomic Energy Agency (IAEA).
2022-10-17 13:40
Saudi FM tells US OPEC+ decision was economic

TEHRAN, Oct. 12 (MNA) – Saudi Foreign Minister Prince Faisal bin Farhan has said that the OPEC+ decision to cut production is purely economic and was taken unanimously by the member states.
2022-10-12 20:24
Putin meets bin Zayed after OPEC+ agrees oil production cuts

TEHRAN, Oct. 11 (MNA) – Russian President Putin and UAE President Mohamed bin Zayed al-Nahyan held a meeting in St. Petersburg, one week after the OPEC+ agreed to cut oil production by two million barrels per day.
2022-10-11 18:00
Iran stresses necessity for OPEC+ countries cooperation

TEHRAN, Oct. 08 (MNA) – Iran’s permanent Envoy in Vienna-based International Organizations Mohsen Naziri Asl in a meeting with the Secretary General of OPEC Haitham Al Ghais stressed the importance of cooperation among OPEC+ countries.
2022-10-08 19:00
Oil prices jump over 3% as OPEC+ mulls cuts of up to 1 mn bpd

TEHRAN, Oct. 03 (MNA) – Oil prices jumped more than 3 percent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.
2022-10-03 12:50
Iran gains leading position in GECF

TEHRAN, Oct. 02 (MNA) – Iran has been selected as the head of the Energy Economics and Forecasting Department of the Gas Exporting Countries Forum, known as GECF.
2022-10-02 13:22
Oil min.:

Iran expresses readiness to increase world’s energy security

TEHRAN, Sep. 06 (MNA) – Iranian Minister of Petroleum Javad Owji said that Iran is ready to increase the security of energy in the world.
2022-09-06 10:00
OPEC+ agrees to cut October output 100,000 bpd

TEHRAN, Sep. 05 (MNA) – Oil prices rose more than $2 a barrel on Monday, extending gains as OPEC+ producers agreed to cut oil output targets by 100,000 bpd in October, according to a source.
2022-09-05 18:15
Iran to continue constructive interactions with OPEC: Owji

TEHRAN, Aug. 03 (MNA) – Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support the new Secretary General as well as the OPEC Secretariat, the Iranian Oil Minister said.
2022-08-03 22:30
OPEC sec. gen.:

Russia membership in OPEC+ vital for success of agreement

TEHRAN, Aug. 01 (MNA) – OPEC's new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement.
2022-08-01 10:40
OPEC secretary general 'Barkindo' dies

TEHRAN, Jul. 06 (MNA) – The Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo, died on Tuesday night, Nigerian local media reported on Wednesday.
2022-07-06 12:10
Iran’s oil revenues exceed $25bn last year: OPEC

TEHRAN, Jul. 01 (MNA) – A report released by the Organization of Petroleum Exporting Countries (OPEC) indicates that Iran earned more than $25 billion in revenue from oil exports in 2021.
2022-07-01 22:27
Global oil market needs a rise in Iran supplies: oil minister

TEHRAN, Jul. 01 (MNA) – Jeopardizing energy security and heightening market volatility have borne lose-lose outcomes for all players, Iranian Minister of Petroleum said on Friday, adding global oil market needs an increase in Iran oil supply.
2022-07-01 16:00
Oil min.:

Iran welcomes intl. investors to secure global energy supply

TEHRAN, Apr. 01 (MNA) – Oil Minister Javad Owji said that Iran welcomes local and international investors to develop oil and gas upstream sectors in a bid to help maintain and improve the security of the global energy supply in upcoming years.
2022-04-01 14:45
OPEC president congratulates Islamic Revolution anniversary

TEHRAN, Feb. 13 (MNA) – Mohammad Sanusi Barkindo, OPEC Secretary General has offered congratulations to Iranian oil minister Jawad Owji on the anniversary of the Islamic Revolution.
2022-02-13 18:45
21st OPEC Plus meeting kicks off

TEHRAN, Oct. 04 (MNA) – The 21st meeting of Oil and Energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus Coalition) kicked off in Austrian capital Vienna on Mon. through video conference.
2021-10-04 21:15
OPEC+ predicts tighter oil market until May 2022

TEHRAN, Sep. 01 (MNA) –OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid US pressure to raise production.
2021-09-01 16:06
Iran OPEC status to be Improved: oil minister

TEHRAN, Aug. 27 (MNA) – Iranian Oil Minister Javad Owji said that the effort is to strengthen Iran's position in OPEC and take back its markets.
2021-08-27 14:00
'OPEC+ cannot ignore Iran's return to oil market'

TEHRAN, Jul. 18 (MNA) – Iranian oil minister Bijan Zanganeh said after the Sunday meeting of OPEC+ that Iran's return to the global oil market is important and effective, adding that OPEC+ cannot ignore this issue.
2021-07-18 19:24
OPEC+ needs more time to resolve Saudi-UAE impasse

TEHRAN, Jul. 13 (MNA) – OPEC+ has not been successful in making progress in closing divisions between Saudi Arabia and the United Arab Emirates.
2021-07-13 15:40