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

Iranian Minister of Petroleum Bijan Zangeneh said that the best support for domestic companies and manufacturers was to provide them with a job market. adding. We need investment to create jobs.

The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.

OPEC will remain under pressure from rising U.S. oil output.

Iran expects further production cuts to be agreed at the next meeting of OPEC in December.

Russia has failed to meet its OPEC+ obligations for seven months this year.

Brazil’s oil reserves are bigger than those of several OPEC members.

Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output.

The officials agreed on Monday that any threat to oil facilities infringed on the interests of all countries of the world.

The OPEC+ mechanism has shown it is efficient. but it is not efficient infinitely.

A surprise fall in both official U.S. crude inventories and gasoline stocks was supportive for oil overnight.