Search Result

OPEC’s sixtieth anniversary: The pivot of the global oil market

Part 2 By Mamdouh G. Salameh*

OPEC’s sixtieth anniversary: The pivot of the global oil market

By Mamdouh G. Salameh*

Iran should expand petrochemical exports to tackle future market challenges:‌ Expert

By Atieh Labbaf

Iran hails OPEC for stabilizing crude price

OPEC has managed to raise crude prices and stabilize the oil market, Iran's Oil Minister Bijan Namdar Zanganeh said Monday.

Falling industry makes OPEC job to save oil market more obvious

Members of the Organization of the Petroleum Exporting Countries (OPEC) could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic. But will the bloc be able to save the dwindling oil industry as majors report historic losses?

OPEC+ set to ease record oil cuts from August

OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic, Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday.

Oil prices slip despite OPEC+ cuts

Oil slipped on Monday after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include extra voluntary cuts by a trio of Persian Gulf producers.

OPEC, allies agree to extend deep output cuts through July

Iran hails OPEC+ ‘right decision’ to decrease production

Zamaninia appointed as Iran's OPEC governor: Agency

Amir Hossein Zamaninia was officially appointed on Saturday as Iran’s OPEC governor, replacing Hossein Kazempour Ardebili who passed away in May, an Iranian oil official told Reuters.

OPEC, Russia set to extend record oil cuts, push for compliance

OPEC, Russia and their allies hold talks on Saturday on extending record oil production cuts that have doubled oil prices since April and will push countries such as Iraq and Nigeria to deliver better compliance with output quotas.

Oil minister condoles passing of OPEC governor of Iran

Oil Minister Bijan Namdar Zanganeh on Saturday extended condolences on the passing of Iran’s Governor to the Organization of Petroleum Exporting Countries (OPEC) Hossein Kazempour-Ardebili.

Saudi Arabia to cut oil output by another 1m barrels a day

Saudi Arabia said Monday it had asked oil giant Aramco to cut an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis.

OPEC output surged most in 30 years during price war last month

OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis.

Oil at two-decade lows, price of US crude for delivery below zero

Kremlin says OPEC+ 'contacts' can be set up if needed

Oil collapses to $11, level not seen in 22 years

US oil prices dived to 22-year lows at just $11 Monday after crashing almost 40 percent in a market flooded with crude and slammed by evaporating demand in the face of the coronavirus pandemic.