Oil Price

Saudi-Russian breakup could collapse oil prices

Mar 08, 2020 10:36

An 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.
OPEC and non OPEC exporters fail to agree on supply cut

Mar 06, 2020 21:38

OPEC 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.
Iran's oil Rig called 'Rig 72 Fath' inaugurated in Khuzestan

Feb 18, 2020 17:41

Tehran (IP) - Iranian Minister of Petroleum Bijan Zangeneh has inaugurated a domestically-built drilling oil Rig called 'Rig 72 Fath' in Southern city of Ahvaz in Khuzestan province, southwestern Iran on Tuesday.
Parsi, Paranj oilfields to rise $6 billion to Iran petro-income: Oil Minister

Feb 08, 2020 14:17

Tehran (IP) - Iranian oil minister said with Parsi and Paranj oil projects the country's exploration will be increased up to 120 million barrel which will add $6 billion of income to the country petro-income.
What EU says about trigger mechanism not operational: Iran's Vaezi

Feb 05, 2020 11:16

Tehran (IP) - Chief of Staff of the President of Iran Mahmoud Vaezi has said the High Representative of the European Union Josep Borrell's remarks in Tehran shows that what the EU says about the trigger mechanism is not operational.
OPEC agrees to cut production another 500,000 bpd

Dec 06, 2019 20:50

Organization of Petroleum Exporting Countries OPEC agreed to cut production 500,000 barrels per day in addition to the current deal.
Iran's Petroleum Minister arrives in Vienna to attend OPEC summit

Dec 05, 2019 12:41

Iran's Petroleum Minister arrived in Vienna of Austria on Thursday morning to attend the 170th summit of the Petroleum Exporting Organization's (OPEC) countries.
President Rouhani: Protest is people’s right, but not anarchy

Nov 17, 2019 20:56

Iranian President during the cabinet meeting stressed that protest is people’s right, but protest is different from anarchy.
Saudis begging Iraq for oil to keep exports flowing

Sep 19, 2019 15:11

After Yemeni attacks on Aramco, the regime’s largest oil facilities, Saudis are begging Iraq’s national oil company for 20 million barrels of crude to keep exports flowing.
Fire and explosion at Saudi Aramco facility

Sep 14, 2019 07:58

Some sources are reporting an explosion and fire at a Saudi Aramco oil refining facility in the kingdom’s east. The cause of the fire and explosion has not been reported.