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Tag: OPEC

OPEC+ ministerial meeting postponed to April 9

The meeting of ministers of OPEC+ countries has been postponed to April 9, 2020, Advisor to the Minister of Energy of Azerbaijan Zamina Aliyeva told Trend….

US, Russia top energy officials discuss oil prices, agree on dialogue involving G20

The oil market has been extremely volatile since early March after OPEC+ members failed to reach an agreement on oil production cuts, and also amid…

EIA decreases previously forecast oil extraction volume in Kazakhstan for 2020

Kazakhstan will produce 2.02 million barrels of oil and other liquids per day in 2020, Trend reports with reference to the March Short-term Energy Outlook (STEO) of…

OPEC, non-OPEC agreement accessible before april

Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March….

OPEC aims to extend oil output cuts through June, alarmed by China virus

OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in…

Shahbazov: It is necessary to continue co-op within OPEC+

It is necessary to continue the cooperation within OPEC+, Parviz Shahbazov, Minister of Energy of Azerbaijan said during a press conference following the OPEC+ meeting…

OPEC says oil market well supplied, wary of 2019 surplus

OPEC sees the oil market as well supplied and is wary of revisiting a glut next year, the group’s secretary-general said on Thursday, suggesting producers…

OPEC-Non-OPEC JMMC no decision-making body

Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make decisions about adjustment of production…

Azerbaijan fulfills its obligations to OPEC in August

In August 2018, 774,000 barrels of oil were produced in the country, Energy Ministry told Report. According to the Ministry, of these crude oil constituted 716,000…

Rouhani to Trump: Don’t Play with Lion’s Tail

President Hassan Rouhani of Iran told his US opposite number not to play with the lion’s tail by threatening Iran. He made the remarks at…

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