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.

Saudis Recognize Iran’s Exemption from Oil Freeze

OPEC member states have achieved an agreement to control production cap, a decision which immediately impacted the markets with oil prices improving.

Iran Now Has the Edge in Fight over Oil Prices with Saudi Arabia: Report

In an article, Bloomberg has discussed the recent developments in the oil market, particularly the rivalry between Iran and Saudi Arabia.

Iran Supports Measures Aimed at Stabilizing Oil Market: Minister

Iran says it would support any move to stabilize global oil market, but the prices should be set reasonably.

OPEC Secretary-General to Visit Iran in Near Future

Mohammed Barkindo, the new secretary-general of Organization of the Petroleum Exporting Countries (OPEC) will pay an official visit to Tehran to personally appreciate Iran’s support.

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