Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.

On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.

Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.

The Iranian ambassador and permanent representative to international organizations in Vienna met with the OPEC secretary-general to discuss the oil market developments.

The two sides(Iranian Envoy. OPEC Chief) highlighted sustainability of the oil market serving the interests of both consumers and producers.

Conflict in Libya that has led to a blockade of its ports and oilfields shows no signs of a resolution.

OPEC is to hold a meeting at the level of minister in Vienna. Austria. on March 5.

OPEC+ oil ministers will meet in Vienna on March 6.

The slowdown in China’s industrial activity is causing the worst shock to oil demand in over a decade.

The Covid-19 virus will reduce China'.s first-quarter oil demand by just 160.000 barrels a day from last month'.s estimate.