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The latest news and views about Organisation of the Petroleum Exporting Countries (OPEC)

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Real Oil Price is over $70 per Barrel: Iranian MP

An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.

After OPEC Deal, Iran Is Now Trying to Attract Foreign Investment

Energy experts believe that Iran need to increase its cooperation with major oil companies if it wants to take better advantage of its recent victory in the Organization of Petroleum Exporting Countries (OPEC) summit.

Russia Looking for Constructive Talks in OPEC Meeting: Report

Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, said a government official.

Iranian President Urges Closer Cooperation among OPEC Members

Iranian President Hassan Rouhani called for continued consultations and closer cooperation among the member states of the Organization of the Petroleum Exporting Countries (OPEC) to stabilise the oil market.
OPEC Zangeneh

Iran’s President Received Ayatollah Khamenei’s Approval before OPEC Deal: Source

Reuters has quoted an unnamed source as saying that the Iranian President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh met with Iran’s Leader Ayatollah Khamenei to get his approval before the recent historic OPEC agreement.

Iran’s OPEC ‘Victory’ Hailed at Home

Iran’s media have hailed what is seen at home as the country’s “victory” in multiple-month negotiations with rivals and allies at the Organization of the Petroleum Exporting Countries (OPEC) over a proposed plan to reduce production and boost the prices.

Oil Price Soars as OPEC Members Agree on Output Cut

Oil price has surged to one-month high after OPEC agreed to reduce its output by more than 1 million barrels a day.

Iran Convinces OPEC States to Return to Negotiating Table: MP

A senior Iranian lawmaker says Iran has managed to bring OPEC members back to the negotiating table.

Iran Hopeful about OPEC Deal on Output Cuts

Iran has voiced optimism that a deal is possible among member states of the Organization of the Petroleum Exporting Countries (OPEC) to freeze production to help stabilize the prices.

Iran May Reduce Its Oil Output as Part of an OPEC Deal

Members of Organization of Petroleum Exporting Countries (OPEC) are close to a deal based on which all member states, including Iran, Saudi Arabia, and Iraq are obliged to cut up to 4.5 percent of their oil output.

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