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

Iran Exempted from OPEC+ Output Cut Deal: Minister

Iran Exempted from OPEC+ Output Cut Deal: Minister

The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.
OPEC Fund Earmarks $500,000 to Help Iran Fight COVID-19

OPEC Fund Earmarks $500,000 to Help Iran Fight COVID-19

The OPEC Fund for International Development has approved $500,000 in funding for Iran to help the country in its fight against the coronavirus.
Bijan Namdar Zangeneh

Iran Says OPEC’s Friday Meeting among Its ‘Worst Ever’

Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.

Iran Says Exempted from OPEC Output Cut Deal

Iranian Oil Minister Bijan Namdar Zanganeh hailed a Tuesday meeting of the Organization of the Petroleum Exporting Countries (OPEC) as “good” and said the Islamic Republic was again exempted from the oil output restrictions.
Zanganeh

Iran Proposes New Date for OPEC Meeting

Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.

Impossible to Exclude Iran from Oil Market: OPEC

Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.

Iran Warns OPEC May Collapse If Members Use Oil as Weapon

Iranian Minister of Petroleum Bijan Zangeneh says a US bid to cut Iran’s oil exports to zero is a “pious hope,” warning countries using oil as a weapon about repercussions of further volatility in the global market.
OPEC Fund Earmarks $500,000 to Help Iran Fight COVID-19

Iran Says OPEC Agreement Deals Further Blow to US

Iranian President Hassan Rouhani says the US sustained another defeat after the member states of the Organization of the Petroleum Exporting Countries (OPEC) reached consensus on new cuts.
OPEC Fund Earmarks $500,000 to Help Iran Fight COVID-19

OPEC Agrees on Output Cut, Exempts Iran

Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.

Iran Slams US Envoy’s ‘Meddlesome’ Meetings with OPEC Members

The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.