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

China and India now account for about a fifth of global strategic reserves.

A combination of these solutions would go a long way in minimizing the impact of climate change.

Iranian Oil Minister Bijan Zangeneh said Falih is a technocrat and a respectable person and does not often speak politically. and he must have probably been asked to say such political things.

It looks like the cartel aims for higher oil prices now and will think of regaining market share later.

June output was the lowest by OPEC since April 2014.

US production rose slightly for week ending June 28 to 12.2 million bpd. 200.000 bpd down from the all-time high of 12.4 million bpd.

Iran is satisfied with the new decisions made in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC). including an extension to supply cuts to the global market and the exemption for Tehran.

The meeting decided that the next OPEC and non-OPEC Ministerial Meeting would convene in Vienna. Austria. on December 6. 2019.

Tehran has no problem with reducing global crude production.

Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the OPEC was the main issue for Iran in the meeting.