OPEC

OPEC+ agrees on crude oil cuts

TEHRAN, Apr. 02 (MNA) – OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.
2021-04-02 09:16
15th OPEC+ meeting kicks off virtually

TEHRAN, Apr. 01 (MNA) – The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began minutes ago via video conference.
2021-04-01 18:32
Iran’s crude oil output increases in February: OPEC

TEHRAN, Mar. 13 (MNA) – The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows steady growth in Iran’s crude oil output in February.
2021-03-13 09:35
India may turn to Iran, Venezuela for oil imports

TEHRAN, Feb. 22 (MNA) – India is planning to resume the import of energy from countries such as Iran and Venezuela to counter the high crude prices by some producers, local media reported.
2021-02-22 10:50
Iran's crude oil output grows in January: OPEC

TEHRAN, Feb. 12 (MNA) – Iran continues its march toward retaining the oil market share as the country added more barrels to its daily production in January compared to the previous month, data published by OPEC showed.
2021-02-12 18:39
Iran’s Zanganeh meets with Azerbaijani energy min.

TEHRAN, Dec. 23 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh hosted a meeting with his Azerbaijani counterpart in Tehran to discuss oil and energy issues concerning the two neighbors.
2020-12-23 09:14
Iran’s Zanganeh departs for Moscow to hold energy talks

TEHRAN, Dec. 20 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Moscow Sunday morning to hold talks with Russia’s senior officials.
2020-12-20 10:19
Iran oil production grows in November

TEHRAN, Dec. 15 (MNA) – According to the latest data released by OPEC, Iran's monthly oil production witnessed an increase in November 2020.
2020-12-15 17:20
No permission needed to return to oil market: oil min.

TEHRAN, Dec. 14 (MNA) – Stating that the export of 2.3 million barrels is possible, Iranian Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.
2020-12-14 14:29
OPEC+ decision was wise: Zanganeh

TEHRAN, Dec. 04 (MNA) – Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision.
2020-12-04 12:20
12th OPEC+ meeting kicks off

TEHRAN, Dec. 03 (MNA) – The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
2020-12-03 18:42
180th meeting of the OPEC Conf. kicks off

TEHRAN, Nov. 30 (MNA) – The 180th meeting of the Organization of the Petroleum Exporting Countries (OPEC) Conference Kicked off in Vienna on Monday, with an OPEC+ meeting.
2020-11-30 19:30
Deputy FM meets with OPEC Sec. Gen. Barkindo in Vienna

TEHRAN, Sep. 19 (MNA) – The Iranian Deputy Foreign Minister for International and Legal Affairs met with the OPEC secretary-general in the Austrian capital Vienna on Sat.
2020-09-19 11:04
Iran oil production at 1.93mn bpd in July

TEHRAN, Aug. 17 (MNA) – In its latest report, OPEC announced that Iran's oil production volume stood at 1.936 million barrels per day (bpd) in July 2020.
2020-08-17 01:00
Agreement between OPEC members ‘goes ahead’ as predicted: Zanganeh

TEHRAN, Jun. 06 (MNA) – After the 179th meeting of oil and energy ministers of OPEC held on Saturday, Iranian Oil Minister Bijan Namdar Zanganeh said the agreement made between OPEC member states went ahead as planned.
2020-06-06 20:39
OPEC+ accord to extend output cuts

TEHRAN, Jun. 06 (MNA) – In its Saturday video conference session, OPEC+ members agreed to a new deal i.e. maintaining the cartel's production cut of 9.7 million barrels a day to the end of July, instead of easing it to 7.7 million after this month as planned.
2020-06-06 19:30
179th meeting of the OPEC, non-OPEC conference kicks off

TEHRAN, Jun. 06 (MNA) – The 179th Meeting of the OPEC Conference has started under the chairmanship of HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference.
2020-06-06 17:44
OPEC and non-OPEC meetings to be held on June 6: report

TEHRAN, Jun. 05 (MNA) – Both ministerial meetings of OPEC countries and non-OPEC states will be held on Saturday, June 6, on one day, said a source participating in the talks.
2020-06-05 22:29
VIDEO: OPEC holds special ceremony to condole Kazempour's passing

TEHRAN, May 20 (MNA) – OPEC officials gathered in its headquarters to express condolence over the passing of Iran’s OPEC Governor Hossein Kazempour Ardebili.
2020-05-20 01:28
Russia, S Arabia agree to stabilize oil market

TEHRAN, May 13 (MNA) – Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market.
2020-05-13 22:30
Trump threatens Saudis with withdrawal of US troops if OPEC does not begin to cut oil production

TEHRAN, May 01 (MNA) – As the United States forced Saudi Arabia to end the oil price war with Russia, US President Donald Trump issued an ultimatum to Saudi leaders.
2020-05-01 12:26
Oil US tool to put pressure on China: energy expert

TEHRAN, Apr. 25 (MNA) – Monday, April 20 (2020), was a historic day for the oil market. West Texas Intermediate (WTI) closed below zero for the first time in the history of the oil market. President Trump's policies are considered as the main cause of the sharp prices fall and how he is using the factor to put pressure on its major rival, China, however, the fire will damage both producers and consumers in the long run.
2020-04-26 15:22
OPEC unable to handle current situation solely: Zanganeh

TEHRAN, Apr. 22 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries cannot solely handle the current market issues, urging other producers' commitment in this regard.
2020-04-22 13:51
Trump, coronavirus go hand in hand to make American crude valueless: energy expert

TEHRAN, Apr. 22 (MNA) – Monday, April 20, 2020 was a historic day for oil market. West Texas Intermediate (WTI) closed below zero for the first time. Mehr news conducted an interview with the Iranian president of Vienna Energy Research Group, Fereydoun Barkeshli to know why US oil is worth less than nothing under President Trump and coronavirus pandemic.
2020-04-21 22:04
By: Salman Parviz

Why impact of low oil prices on Iran is ‘minimal’?

TEHRAN, Apr. 15 (MNA) – Global oil prices have been hit with a double whammy by the spat between Russia and Saudi Arabia in mid-March over output cuts and the coronavirus (COVID-19) pandemic.
2020-04-15 12:03
G20 to cut output by 3.7mbd along with 9.7mbd by OPEC+: Zanganeh

TEHRAN, Apr. 13 (MNA) – Iranian Oil Minister Bijan Zanganeh said OPEC+ had just struck a deal to cut the group’s output by 10 million barrels per day (including 300,000b/d by US) in May and June 2020 which would be accompanied by G20’s decision to cut its oil output by 3.7 mbd for a year.
2020-04-13 09:14
OPEC, allies agree to cut output by 10mn bpd: Zanganeh

TEHRAN, Apr. 10 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh informed on Friday that OPEC and its allies have agreed on a historic production cut that would take 10 million barrels per day offline as the coronavirus pandemic saps demand for crude.
2020-04-10 10:36
Oil price surges following OPEC+ meeting

TEHRAN, Apr. 09 (MNA) – Oil prices have reported a dramatic surge during the meeting of OPEC+ members, according to trading data.
2020-04-09 20:20
Iran’s oil min. holds talk with three OPEC, Non-OPEC members on oil market

TEHRAN, Apr. 08 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh held a phone talk on Tue. with oil ministers of three OPEC and Non-OPEC members.
2020-04-08 04:00
OPEC+ may clinch 3-months accord for output cut: report

TEHRAN, Apr. 07 (MNA) – Changes are reportedly high for countries part of the OPEC+ group to agree upon implementing oil production cuts for at least three months from May to July, 2020.
2020-04-07 19:13