Tag Archives: International Organizations

Saudi Arabia will continue a voluntary reduction of 400.000 barrels a day below its official target.

The key uncertainty facing the oil market now is OPEC+ supply from April.

Tehran will never back down on its right to produce and export oil after the unilateral sanctions are lifted.

Iranian Deputy Foreign Minister Abbas Araghchi rebuked the unilateral measures of the US regarding the 2015 nuclear deal. saying all parties to the pact consider Washington as the root cause of the tensions on the matter.

Russia is not an OPEC member. but it should be treated the way other OPEC members are treated.

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.

The meeting was held following the 14th JCPOA joint commission meeting in Vienna.

Following a short stay in the 7th OPEC+ meeting. Zangeneh told reporters that the negotiations were good and favorable results were obtained.

Russia’s permanent representative to international organizations in Vienna said that all signatories to the Joint Comprehensive Plan of Action have once again voice support to preserve the deal.

European countries consider the trigger mechanism as their winning card against Iran.