OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas.
News ID: 6633 Publish Date : 2019/10/11
Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January.
News ID: 6549 Publish Date : 2019/10/02
The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in research and sharing of best practices.
News ID: 6547 Publish Date : 2019/10/04
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
News ID: 6273 Publish Date : 2019/08/29
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.
News ID: 6015 Publish Date : 2019/08/17
Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
News ID: 6008 Publish Date : 2019/08/17
Compliance with the production cuts deal is at a record high, but a crude price crash is undermining efforts to steady the market
News ID: 5878 Publish Date : 2019/08/12
Petroleum Development Oman, the largest oil and condensate producer in the sultanate, is on track to increase its output capacity by more than 10% to top 670,000 bpd in five years as it ramps up exploration activity and pumps more out of existing fields, a company official told S&P Global Platts.
News ID: 5777 Publish Date : 2019/08/06
In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.
News ID: 5746 Publish Date : 2019/08/05
Recently some reports have been published by ship tracking companies and industry sources regarding Iranian oil exports in July which have put the county’s shipments at near 100,000 barrels per day (bpd) in the mentioned month.
News ID: 5713 Publish Date : 2019/08/05
Iranian Oil Minister Bijan Namdar Zanganeh said no country can replace Iranian oil in the global market, Mehr news agency reported on Sunday.
News ID: 5402 Publish Date : 2019/07/22
Iran’s Finance and Economic Affairs Minister Farhad Dejpasand was elected the chairman of the OPEC Fund for International Development (OFID) ministerial council, Iranian mission to Vienna announced.
News ID: 5324 Publish Date : 2019/07/20
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
News ID: 5182 Publish Date : 2019/07/15
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
News ID: 5156 Publish Date : 2019/07/14
The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.
News ID: 5072 Publish Date : 2019/07/09
Iranian oil minister Bijan Zanganeh says the production cut deal as well as the OPEC+ Charter of Cooperation have been approved by Tehran that has been exempted from the cuts.
News ID: 5066 Publish Date : 2019/07/04
Iran’s Oil Minister Bijan Namdar Zanganeh said that his country is satisfied with the new decisions made in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC), including an extension to supply cuts to the global market and the exemption for Tehran.
News ID: 5026 Publish Date : 2019/07/04
Russian daily oil output rose in June to 11.15 million barrels per day, up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, the country’s energy ministry data showed on Tuesday.
News ID: 5018 Publish Date : 2019/07/04
Iranian Oil Minister Bijan Namdar Zanganeh, who is in the Austrian capital of Vienna to attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC), is on a mission to preserve the Islamic Republic’s share of the global oil market.
News ID: 4994 Publish Date : 2019/07/02
Iranian Oil Minister Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
News ID: 4992 Publish Date : 2019/07/02
