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Ex-OPEC envoy predicts further drop in oil prices
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline.
Saudi Arabia, Russia raise stakes in oil price war
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow's overtures for new talks.
Oil prices plunge by a third as pump war looms
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 US-led war against Iraq as Saudi Arabia and Russia signaled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
OPEC meeting among group's 'worst ever': Zanganeh
Iran’s Minister of Oil Bijan Namdar Zanganeh said the OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
OPEC agrees to deepest cut since 2008, Iran exempt: Minister
Members of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to fresh cuts to the global oil production, says Iran’s Oil Minister Bijan Namdar Zanganeh, adding that the country would remain exempt from the cuts described as the deepest since the 2008 global financial crisis.
OPEC agrees to deepest cut since 2008, Iran exempt: Minister
Members of the Organization of the Petroleum Exporting Countries (OPEC) have agreed to fresh cuts to the global oil production, says Iran’s Oil Minister Bijan Namdar Zanganeh, adding that the country would remain exempt from the cuts described as deepest since the 2008 global financial crisis.
Stalling Saudi economy ripe for stimulus while new hurdles mount
Saudi Arabia’s economy barely grew last year, increasing the need for the government to turn on the fiscal taps to deliver faster growth in 2020 in the face of disruptions from the coronavirus and the prospect of lower energy prices.
Oil minister: Iran supports OPEC output cut plan
Iran supports deeper crude oil cuts by the Organization of the Petroleum Exporting Countries (OPEC) if a majority of members agreed with it, Oil Minister Bijan Namdar Zanganeh said Saturday.
Iran first OPEC nation to produce, export oil processing catalysts
Iran has become the first member state of the Organization of the Petroleum Exporting Countries (OPEC) that can produce and export sophisticated catalysts used in oil and gas processing.
Nigeria says it complied with OPEC+ output cuts in December
Nigeria fully complied in December with limits to oil output set by OPEC and other global producers, the head of the country’s energy company said.
Oil producers agree to deepen production cuts
Iran: Russia’s demand from OPEC+ on condensates rightful
OPEC, allies seek deeper output cuts: Sources
Members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies are seeking to extend production cuts by more than 400,000 barrels per day (bpd) from their current 1.2 million bpd amid a slowing global economy and abundant crude reserves.
Zanganeh sees more output cuts at next OPEC meeting
Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that he expects further production decrease during the next meeting of the Organization of the Petroleum Exporting Countries (OPEC) in December.
OPEC sees downbeat oil outlook for rest of 2019
OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
Iran elected as OPEC Fund chairman
Iranian Minister of Finance and Economic Affairs Farhad Dejpasand was elected as the chairman of the OPEC Fund International Development (OFID) in the 40th ministerial meeting of the international organization, said Iran's Ambassador to London Kazem Gharibabadi.

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