TEHRAN, April 20 - US President Donald Trump has accused the Organization of the Petroleum Exporting Countries (OPEC) of propping up oil prices, which have reached their highest level in over three years.
TEHRAN, November 3 -Oil markets rose on Friday, supported by OPEC-led supply cuts which are tightening the market as well as by strong demand, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output.
TEHRAN, October 31 -Oil prices eased on Tuesday as traders took profits following days of gains and as the prospect of increasing U.S. exports dampened overall bullish sentiment that has driven Brent above $60 per barrel.
TEHRAN, October 19 -Oil prices steadied on Thursday, holding onto most recent gains, supported by OPEC-led supply cuts, tension in the Middle East and lower U.S. production.
TEHRAN, October 17 -The Organization of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 percent, Fatih Birol, the executive director of the International Energy Agency (IEA), said on Tuesday.
TEHRAN, August 11, YJC -The International Energy Agency (IEA) has cut its estimates for the amount of crude needed from the Organization of the Petroleum Exporting Countries (OPEC) this year and in 2018.
TEHRAN, June 15, YJC - Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.
TEHRAN, May 26, YJC - Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the re-election of President Hassan Rouhani this past Saturday.
TEHRAN, May 25, YJC - The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.
The recent deal to freeze oil output agreed by OPEC and other major oil-producing countries has resulted in a 16 percent increase in the oil price since late November; that increase may have been even more if it weren't for Iran's massive rise in production, Vladimir Sazhin told Sputnik Persian.
Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe.
Tehran, YJC. -- Iran is preparing to coordinate with Organization of Petroleum Exporting Countries to retake its lost output quota quickly, Oil Ministry official said on Saturday, IRNA reported.
Tehran, YJC. Iran's oil minister has said the country will retain its OPEC quota very soon citing development of the oil fields. He said that the current stalemate in the oil market has been created by the western governments for political ends.
SINGAPORE, Jan 26, 2015 (AFP) - Oil fell in Asia Monday after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro, analysts said.
RIYADH, Jan 11, 2015 (AFP) - Venezuelan President Nicolas Maduro has arrived in OPEC's leading oil producer Saudi Arabia, state media reported on Sunday, after he visited Iran to discuss the impact of plummeting crude prices.