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OPEC, Russia agree oil cut extension to end of 2018
OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
Zanganeh leaves Tehran for Vienna to attend OPEC meeting
Oil Minister Bijan Namdar Zanganeh left Tehran for Vienna on Wednesday to take part in the 173th ministerial meeting of Organization of the Petroleum Exporting Countries (OPEC) on Wednesday.
OPEC is in the dark about shale
OPEC will have to decide whether to extend global oil cuts without knowing whether they’re triggering a new flood of rival supply from US shale producers.
Zanganeh: Majority of OPEC members support extending oil output cuts
A majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30, said Iran's oil minister on Monday.
OPEC sees tighter 2018 oil market as demand grows, supply falls
OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was reducing excess oil in storage, pointing to an even tighter global market next year.
Iran says OPEC ready to do everything needed for market stability
Iranian Oil Minister Bijan Zanganeh said on Wednesday it is his understanding that all OPEC members want to do everything necessary to stabilize oil markets.
OPEC's pact compliance 'acceptable', some changes needed: Zanganeh
OPEC's compliance with an agreement among oil producers to reduce output has been acceptable, said Iran's oil minister on Monday, adding that some changes were needed if participants seek to balance the market.
Zanganeh hails convergence among oil producers
Iran's oil minister said cooperation with non-OPEC members, especially Russia, and OPEC members' adherence to an agreement to cut oil output is helping the market stabilize.
OPEC chief hails Zanganeh reappointment
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mahammad Sanusi Barkindo, in a letter congratulated Iran's Oil Minister Bijan Namdar Zanganeh on his reappointment.
Iran oil output up in July
Iran crude oil production in July recorded a growth along with most other OPEC producers as the 14-nation group continues efforts to check global oil prices.
Oil falls for third day as doubts over OPEC cuts linger
Crude futures fell for a third day on Wednesday despite a bigger than expected fall in US oil inventories reported by an industry group, with doubts lingering over the Organization of the Petroleum Exporting Countries’ ability to restrain supply as promised.
OPEC grapples with growing threats to oil deal
The Organization of the Petroleum Exporting Countries (OPEC) is worried that its plan to drain a global oil glut — and thereby raise crude prices — isn’t working.
OPEC oil production rises in May
Oil production by member states of the Organization of Petroleum Countries (OPEC) jumped in May, despite the exporter group agreeing last month to extend its six-month deal to cap output into 2018.

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