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Tag: OPEC

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…

Iran may agree increase in OPEC oil output: minister

Iran may agree to an increase in oil output by OPEC and its allies through producers who have over delivered on cuts moving up to…

No need for increased OPEC output: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh says there is no necessity for ramping up the crude output of the Organization of Oil Exporting Countries (OPEC)….

US Pressuring Riyadh to Push Down Oil Prices: Iran

Hossein Kazempour Ardebili, Iran’s OPEC Governor, in response to the recent joint statement of Saudi Arabia and Russian’s oil minister and the meeting between Saudi…

Zangeneh Meets Congo FM, Discusses OPEC Membership of African Country

 Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting with visiting Congolese Minister of Foreign Affairs Jean-Claude Gakosso in his Tehran office on Thursday. The…

Iran’s weekly light crude price surpasses $77

Iran’s light crude oil price rose 43 cents in the week ended on May 25, to continue its upward trend for third consecutive weeks. The…

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