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Iran's OPEC governor dies after brain haemorrhage
May 16, 2020 07:38Tehran (IP) - Iran's OPEC Governor Hossein Kazempour Ardebili has died of a brain hemorrhage two weeks after falling into a coma on Saturday morning.
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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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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.
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G20 agrees to reduce oil production by 3.7 mb/d: Iran Oil Minister
Apr 13, 2020 09:36Tehran (IP) - Iran's Oil Minister Bijan Namdar Zanganeh said on late Sunday that G20 countries agreed to reduce oil production by 3.7 million barrels per day.
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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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OPEC, non-OPEC agree 10m-bpd decrease in production
Apr 10, 2020 15:29Tehran (IP)- Iran’s Minister of Oil reported an agreement of a 10m-barrel-per-day decrease in oil production of the member states of OPEC and non-OPEC.
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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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Iran announces stance on coming OPEC meeting
Apr 07, 2020 21:48Tehran (IP)- Iran's oil minister has announced consultations with some oil producers about the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC).
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OPEC meeting delayed due to tension between Saudi Arabia and Russia
Apr 05, 2020 08:20The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, as tensions between Saudi Arabia and Russia mount.
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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.
