Tag Archives: Hossein Kazempour Ardebili

Foreign Minister Mohammad Javad Zarif and Oil Minister Bijan Namdar Zanganeh have offered commiserations on the passing of Iran’s OPEC Governor Hossein Kazempour Ardebili. Kazempour Ardebili, 68, passed away in a Tehran hospital on Saturday two weeks after he slipped into a coma due to a brain haemorrhage. In a …

The 14-member Organization of the Petroleum Exporting Countries (OPEC) agreed to deepen its output cuts in Vienna at the 177th OPEC meeting by 503.000 bd as of January 1. 2020 from 1.2 mbd to 1.703 mbd.

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

Russia would eventually agree to cut its oil production.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.

EIA predicts that U.S. production will increase to 12 million barrels per day in the second quarter of 2019.

Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.

U.S. sanctions on Iran’s petroleum sector are set to take effect next month.

The Trump administration is pushing politics into the OPEC.