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The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.
Read More »OPEC Meet in Vienna Today
Iranian Oil Minister Says He Got `What I Wanted` in OPEC Output Deal
OPEC and its 10 non-OPEC partners have agreed to restore compliance with their production cuts to 100%.
Read More »OPEC Struggles to Ease Oil Supply Cuts
Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.
Read More »Iran and Iraq will Participate in Meeting of OPEC+ Monitoring Committee
The parties will discuss possible increase of oil production.
Read More »Oil Min: OPEC should Stick to Its Production Limits
Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.
Read More »Iran may Accept OPEC Oil Production Increase with Conditions
The condition means no other country has the right to compensate for another country’s oil production decrease.
Read More »Iran will Reject Saudi-Russia Proposal to Increase Oil Production
OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.
Read More »Iran to Issue Bonds for Investment in Oil Sector
In May. French oil major Total said it might pull out of its investment in Iran’s South Pars gas field if it cannot secure a waiver from the U.S. government.
Read More »Iran to Increase Oil Production by 460 Million Barrels in Three Years
More than 75 percent of the equipment for developing the output is Iranian.
Read More »Iran Oil Exports Highest Since Nuclear Deal
Iran exported 2.4 MMbbl d of crude oil in May. SHANA reported. and 300.000 bbl d of natural gas condensate.
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