Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
News ID: 8665 Publish Date : 2020/03/09
Iranian Oil Minister Bijan Namdar Zanganeh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
News ID: 8642 Publish Date : 2020/03/06
Iranian Oil Minister Bijan Namdar Zanganeh arrived in Vienna on Wednesday to take part in the 178th Meeting of the Organization of the Petroleum Exporting Countries (OPEC), Shana news agency reported.
News ID: 8638 Publish Date : 2020/03/04
Iran’s Oil Minister Bijan Namdar Zanganeh said Friday’s “fruitless” meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.
News ID: 8602 Publish Date : 2020/03/07
Iranian Oil Minister Bijan Namdar Zangeneh said that the joint ministerial meeting of the 14-state Organization of Petroleum Exporting Countries (OPEC) plus 10 more friendly oil producers such as Russia (which together make up OPEC+) on Friday in Vienna did not bear any fruit as the participants failed to reach a unanimous decision.
News ID: 8598 Publish Date : 2020/03/07
Opec member countries are meeting allied producers in Vienna today, tasked with the challenge of persuading Russia and other non-Opec partners to sign up to a collective output cut of 1.5mn b/d for the remainder of the year.
News ID: 8588 Publish Date : 2020/03/06
Iran and Libya — two of the three Opec member states exempt from the production agreement — have different opinions on the need to extend or deepen the cuts.
News ID: 8575 Publish Date : 2020/03/04
Opec+ is discussing cutting as much as 1mn b/d from current oil production quotas, which could take the group's total cuts to 3.1mn b/d below October 2018 levels, sources say.
News ID: 8574 Publish Date : 2020/03/04
OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.
News ID: 8568 Publish Date : 2020/03/03
Kuwait's oil minister Khaled al-Fadhel said today he supports Opec+ efforts to reduce the surplus in oil stocks as the coronavirus outbreak weighs on demand and prices.
News ID: 8557 Publish Date : 2020/03/03
Opec will deny journalists access to the secretariat in Vienna during its meetings this week to reduce the risk of exposure to the coronavirus.
News ID: 8555 Publish Date : 2020/03/03
Opec+ countries plan to discuss a "new, substantial" cut in production this week and appear to have already reached an agreement to extend current quotas, Algerian energy minister Mohamed Arkab said today.
News ID: 8552 Publish Date : 2020/03/03
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
News ID: 8547 Publish Date : 2020/03/02
The Opec+ group will meet in Vienna this week as planned, despite growing concerns over coronavirus, Opec sources told Argus.
News ID: 8534 Publish Date : 2020/03/02
The OECD has raised the prospect of the coronavirus halving the rate of global economic growth this year.
News ID: 8531 Publish Date : 2020/03/02
Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
News ID: 8529 Publish Date : 2020/02/28
Saudi Arabia will sharply reduce term crude sales to China next month as the coronavirus outbreak slashes demand in the world's top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cuts in the wake of the epidemic.
News ID: 8520 Publish Date : 2020/02/28
Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
News ID: 8508 Publish Date : 2020/02/26
Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
News ID: 8507 Publish Date : 2020/02/26
Iran produced 2.086 million barrels per day (bpd) of oil in January, a 9,000-bpd decrease from 2.095 million bpd in December 2019, according to OPEC’s latest monthly report published on Wednesday.
News ID: 8440 Publish Date : 2020/02/15
