Tag Archives: International

The chairman of the Iranian parliament’s nuclear committee rejected a recent report of the International Atomic Energy Agency about the Islamic Republic’s nuclear activities, saying the organization considers the issue from a political perspective, not a technical one.

Many shale producers are highly exposed to the current low oil prices.

Iranian Minister of Petroleum Bijan Zangeneh says OPEC had decided to wait for an agreement of non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.

Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March.

OPEC had proposed cuts of 1.5 million barrels per day (bpd) in addition to cuts already in place, a move Russia resisted.

Oil extended its slide from the lowest close in more than two years as investors wait for a Russian response to OPEC’s plan for deeper and longer cuts to offset the demand destruction caused by the coronavirus. Brent closed below $50 for the first time since mid-2017 on Thursday after …

OPEC and its 14 members have agreed to slash production by 1.5 million barrels per day (bpd) through the second quarter of the year to support sagging oil prices. This decision made Thursday was taken ahead of critical talks on Friday with the 10 other oil-producing nations led by Russia …

OPEC ministers expect to hear Russia’s position on crude production cuts on Friday to be able to take a final decision. On Thursday, the cartel agreed an additional reduction of crude oil output by 1.5 mln barrels per day in the second quarter of 2020 by OPEC+ countries to neutralize …

OPEC further slashed its 2020 oil demand growth forecast on Thursday due to the coronavirus outbreak and agreed to new output cuts to offset the collapse in oil demand resulting from the epidemic. Global oil demand growth in 2020 is now forecast to be just 480,000 b/d, down from 1.1 …

Zarif and EU Foreign Policy Chief Josep Borrell on Wed. held a phone conversation over the biased report of the International Atomic Energy Agency (IAEA).