SHANA -- Irans Minister of Petroleum Bijan Zangeneh said OPEC ministers agreed on Saturday to continue cutting 9.7 mb/d from their output provided that non-member allies follow suit.
It was decided that the agreement on cutting 9.7 mb/d from output should be conditional on the agreement of 10 non-OPEC producers, he told reporters as he left the ...
MNA Irans Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries cannot solely handle the current market issues, urging other producers' commitment in this regard.
The coronavirus outbreak has caused fuel demand to drop drastically, which has also led to the slump of prices this year, Zanganeh said ...
Tasnim Irans Oil Minister Bijan Namdar Zanganeh said Fridays fruitless meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.
Speaking to reporters, Zanganeh said the ministerial meeting of the OPEC and non-OPEC countries that ended without achieving a result in Vienna on Friday was one of the worst meetings ...
SHANA Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the groups output before the end of March.
Speaking to reporters following the 8th meeting of oil producers from the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies, a coalition called the OPEC+, Mr....
Reuters - The Iranian oil minister confirmed on Thursday that OPEC ministers had agreed an extra 1.5 million barrel per day (bpd) cut in oil production and that Iran was still exempt from the reduction.
Bijan Zanganeh, who was speaking after a meeting of ministers from the Organization of the Petroleum Exporting Countries in Vienna, also said OPEC ...
SHANA -- Iranian Minister of Petroleum Bijan Zangeneh said the country could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.
Speaking to reporters on Saturday, Zangeneh said the fever to bring nearer an extraordinary OPEC meeting because of the spread ...
SHANA Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the negotiations between OPEC members on Thursday, announcing an extraordinary OPEC meeting would be held within the next 3 to 4 months.
Following a short stay in the 7th OPEC+ meeting, Zangeneh told reporters that the negotiations were good and favorable results were ...
SHANA Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nations rights.
Talking to reporters prior to the 172nd Conference of the Organization of the Petroleum Exporting Countries (OPEC), Zangeneh said: Speaking on behalf of the Iranian nation, I would say this is the right of our people and nation ...
Reuters - Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.
Brent crude futures LCOc1 settled at $64.23 a barrel, up 93 cents, or 1.47%. U.S. West Texas Intermediate (WTI) CLc1 settled at $57.51 a barrel, up 17 cents. The U.S. market ...
Reuters - Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Brent crude oil futures were at $67.24 per barrel at 0737 GMT, up 8 cents from their last close, and not far off the $68.14 per ...
IRNA - Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.
Benchmark Brent crude oil rose $3.48 a barrel to a high of $63.54 before easing back to around $63.20 by 1450 GMT. In early trade, Brent had fallen below $60 when it looked as ...
SHANA -- Iranian Minister of Petroleum Bijan Zangeneh said the outcome of 175th OPEC Meeting served Irans interests as well as those of the organization.
Speaking to reporters following the prolonged meeting of members of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday, the official said Iran was fully exempted from ...
Reuters - OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.
Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with ...
SHANA-- Members of the Organization of Petroleum Exporting Countries (OPEC), during the bodys 174th ordinary meeting in Vienna, endorsed Irans proposed model for boosting the groups crude oil output, sticking to full compliance with OPECs output cut deal.
The meeting came to an end on Friday with members reaching a consensus to stay fully committed ...
Reuters - Oil prices dipped on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22.
However, prices were prevented from falling further by record refinery runs in the United States and a large decline in U.S. crude ...
TEHRAN April 14(Shana)--Irans minister of petroleum has called on OPEC to reduce its production by at least five percent to help shore up prices.
Even the most conservative OPEC member states do not believe that OPEC production should exceed 30 mb/d and we believe that this amount should be cut by at least 5 percent, Bijan Zangeneh told a press ...
[caption id="attachment_132949" align="alignright" width="171"] Saudi Arabia's Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014.[/caption]
(Reuters) -Saudi Arabiablocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to ...
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