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Iran: OPEC to keep cutting output if Non-OPEC agrees
Jun 06, 2020 19:53Tehran (IP) - Iran’s Minister of Petroleum said OPEC ministers agreed on Saturday to continue cutting 9.6 Million Barrels Per Day (MMbd) from their output provided that non-member allies agree on it.
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Iran names new OPEC governor
Jun 06, 2020 18:45Tehran (IP) - Iran’s Deputy Minister of Petroleum for International Affairs, Amir-Hossein Zamaninia, has been accepted as the country’s new OPEC governor.
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OPEC and allies agree to extend record production cut
Jun 06, 2020 17:13OPEC and its oil-producing allies agreed to extend their current deal to slash production that was set to expire at the end of June.
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OPEC and OPEC Plus ministers meet on Saturday
Jun 06, 2020 02:13The OPEC and OPEC Plus oil ministers' meeting, scheduled for June 9 and 10, will be held virtually on Saturday (June 6) at 2 and 4 p.m., Vienna time, respectively.
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Putin, Al-Kadhimi discuss oil market, Syria over phone
May 25, 2020 22:31During a phone conversation with Iraqi Prime Minister Mustafa al-Kadhimi on Monday, Russian President Vladimir Putin talked about the global oil market and the situation in Syria, the Kremlin said in a statement.
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Nigeria Is running out of places to put its LNG production
May 13, 2020 19:09The west African nation, one of the world’s top producers of the superchilled fuel, continued to send out tankers of LNG even as demand slumped in line with the virus-stricken global economy.
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Energy ministers of Russia and Saudi Arabia discuss oil market situation
May 13, 2020 17:39Russian Energy Minister Alexander Novak held a phone conversation with Saudi Energy Minister, Crown Prince Mohammed bin Salman al-Saud, during which they confirmed commitment to oil market stability and balance restoration, the Russian Energy Ministry said on Wednesday.
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Saudi government reduces salaries up to %40
May 06, 2020 18:59A Saudi ministerial decision issued on Monday allows companies in the private sector to reduce salaries by 40 percent
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Iran's Rouhani urges Oil Ministry for more participation in stocks market
May 01, 2020 19:19Tehran (IP) - Iran's President instructed the oil minister to take urgent action to increase the presence of oil and petrochemical companies in the stock market.
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OPEC alone cannot solve problem of oil market: Iran's Oil Minister
Apr 22, 2020 15:59Tehran (IP) - Given the increase in supply and decrease in demand, as well as the uncertainty regarding the time when the Coronavirus will end, the oil market needs global cooperation, and OPEC alone cannot solve the problem of the oil market.
