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OPEC, oil nations reach deal to cut oil production by 9.7 million barrels per day
Apr 13, 2020 02:52The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil-producing nations agreed Sunday to cut output by a record amount, representing around 10 percent of global supply to support oil prices amid the coronavirus pandemic.
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US senators threaten to reconsider ties with Saudi Arabia
Apr 11, 2020 05:46During a fiery call with the Saudi ambassador in Washington, a group of 13 US senators from oil-producing states expressed their dissatisfaction over the ongoing oil price war that is damaging US producers and threatened to blow the US-Saudi relationship.
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OPEC, Russia agreed to cut oil production by 10m barrels a day
Apr 10, 2020 02:31OPEC and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.
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South Pars Gas Field’s production surpassed 700 million cubic meters daily
Apr 06, 2020 06:23Tehran (IP) - The natural gas production of the gas field exceeded 700 million cubic meters daily with the installation of the jacket of Phase 11, the managing director of Pars Oil and Gas Company said.
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Russia ready to cooperate on cutting oil production, Putin says
Apr 04, 2020 06:00Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.
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Blast in Iranian export gas pipeline inside Turkey
Mar 31, 2020 12:26Tehran (IP) - The head of the Mako gas department in West Azerbaijan, northwest of Iran, reported the explosion of the Iranian export gas pipeline near the Bazargan border inside Turkey.
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Saudi-Russian breakup could collapse oil prices
Mar 08, 2020 10:36An alliance between Saudi Arabia and Russia that has helped to prop up world oil prices for the past three years has collapsed, threatening to send the market into freefall.
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Iran's Zangeneh: Today's OPEC meeting, a worst in history
Mar 06, 2020 22:00Iran's oil minister called the joint OPEC and non-OPEC oil ministerial meeting the worst meeting in the organization's history ended on Friday, with no result.
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OPEC and non OPEC exporters fail to agree on supply cut
Mar 06, 2020 21:38OPEC and non-OPEC oil-exporting countries failed to agree on how much oil production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis.
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Oil market, reeling from supply glut: Zangeneh
Mar 04, 2020 15:51Vienna (IP) – Iran's Minister of Petroleum has said there is an oversupply in the crude oil market, adding OPEC and non-OPEC producers need to discuss how to ensure market balance.
