OPEC

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

IFP Exclusive

Iran Proposes New Date for OPEC Meeting

IFP Editorial Staff -
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.
IFP Exclusive

Impossible to Exclude Iran from Oil Market: OPEC

IFP Editorial Staff -
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.
Media Wire

Iran Warns OPEC May Collapse If Members Use Oil as Weapon

IFP Media Wire -
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.
IFP Exclusive

Iran Says OPEC Agreement Deals Further Blow to US

IFP Editorial Staff -
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.
IFP Exclusive

OPEC Agrees on Output Cut, Exempts Iran

IFP Editorial Staff -
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.
Media Wire

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

IFP Media Wire -
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.
Media Wire

Iran Blames Saudi, Russia for Qatar’s Bid to Leave OPEC

IFP Media Wire -
Iran says Qatar’s decision to quit the Organization of the Petroleum Exporting Countries (OPEC) shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel that determines production cuts in order to help regulate prices.
IFP Exclusive

US Can’t Reduce Oil Price by Bullying Others: Iran

IFP Editorial Staff -
Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.
IFP Exclusive

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

IFP Editorial Staff -
Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.
Media Wire

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

IFP Media Wire -
Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
IFP Exclusive

Oil Prices to Go Down If Trump Keeps Quiet: Iran

IFP Editorial Staff -
Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.
Media Wire

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

IFP Media Wire -
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
IFP Exclusive

Iran Hails OPEC’s Decision to Stick to 2016 Agreement

IFP Editorial Staff -
Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.
IFP Exclusive

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

IFP Editorial Staff -
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.
Economy

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

IFP Editorial Staff -
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.
Energy

Russia Looking for Constructive Talks in OPEC Meeting: Report

IFP Editorial Staff -
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.
Energy

Iranian President Urges Closer Cooperation among OPEC Members

IFP Media Wire -
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.
Energy

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

IFP Editorial Staff -
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.
Economy

Iran’s OPEC ‘Victory’ Hailed at Home

IFP Media Wire -
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.
Energy

Oil Price Soars as OPEC Members Agree on Output Cut

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

Iran Convinces OPEC States to Return to Negotiating Table: MP

IFP Editorial Staff -
A senior Iranian lawmaker says Iran has managed to bring OPEC members back to the negotiating table.
Energy

Iran Hopeful about OPEC Deal on Output Cuts

IFP Media Wire -
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.
Energy

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

IFP Editorial Staff -
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.
Energy

Saudis Recognize Iran’s Exemption from Oil Freeze

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

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

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