The latest news and views about Organisation of the Petroleum Exporting Countries (OPEC)
Home Tags OPEC
The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.
The OPEC Fund for International Development has approved $500,000 in funding for Iran to help the country in its fight against the coronavirus.
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.
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.
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.