OPEC & Non-OPEC
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OPEC+ Agrees Additional Increase of 400,000 bpd Monthly
TEHRAN (SHANA) – The Organization of the Petroleum Exporting Countries and its allies reached a compromise on Sunday on an overall increase of crude oil output by 400,000 bpd per month to December 2022, as well as a baseline change for five countries.
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19th OPEC+ Meeting Starts
TEHRAN (Shana) -- The 19th meeting of oil and energy ministers of members and non-members of the Organization of the Petroleum Exporting Countries (OPEC), known as the OPEC+, began a few minutes ago via video conference.
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Zangeneh: Whatever Decision Made Will not Affect our Will to Return to the Oil Market
TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said on Friday on the sidelines of the 18th OPEC and non-OPEC Ministerial Meeting that whatever OPEC+ decides will not impact our will to return to the oil market.
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18th OPEC+ Ministerial Meeting kicks off
TEHRAN (Shana) -- The 18th meeting of oil and energy ministers of member and non-member producers of the Organization of the Petroleum Exporting Countries (OPEC), a coalition known as OPEC+, began a few minutes ago via video conference.
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17th OPEC+ Meeting
TEHRAN (Shana) -- The 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, convened on Tuesday, 1 June 2021.
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17th OPEC and non-OPEC Ministerial Meeting Concludes
VIENNA (Shana) -- The 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, concluded on Tuesday, 1 June 2021.
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OPEC+ Stresses Oil Output Increase Plan for June
TEHRAN (SHANA) -- OPEC and its allies made an agreement on Tuesday to ease crude oil output cuts by 350,000 bpd for June.
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17th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 17th meeting of the Oil and Energy Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, a grouping called OPEC+, started a few minutes ago.
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15th OPEC+ Ministerial Meeting
TEHRAN (SHANA) -- The energy and oil ministers of OPEC and non-OPEC producers, a grouping known as OPEC+, made an agreement during the 15th Ministerial Meeting held via video conference on Thursday April 1 to ease crude oil output cuts by 350,000 bpd in May and June, and 450,000 in July.
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15th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 15th OPEC and non-OPEC Ministerial Meeting Ministers was held via video conference on Thursday April 1, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.
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Zangeneh: Oil Demand Has not Reached 2019 Levels
TEHRAN (Shana) -- Oil demand is expected to grow by 5.6 million bpd as business activities would recover, however, it has yet to reach 2019 levels, said Iran’s Minister of Petroleum, Bijan Zangeneh, on the sidelines of the 15th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.
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OPEC+ Agrees Gradual Easing of Crude Oil Cuts
TEHRAN (SHANA) -- OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.
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15th OPEC+ Meeting Kicks Off Online
TEHRAN (Shana) -- The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began a few minutes ago via video conference.
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14th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 23 members of OPEC+, a group combining OPEC and allied producers, made an agreement on Thursday during the 14th OPEC and non-OPEC Ministerial Meeting, held via video conference, to keep the current crude oil output cuts of 18 members in place for April and allowed Russia and Kazakhstan to add 150,000 bpd to their total production.
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OPEC+ 14th Ministerial Meeting Concludes
TEHRAN (Shana) -- The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference on Thursday March 4, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.
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Zamaninia: OPEC+ Final Decision Was Ideal for April
TEHRAN (Shana) -- The final decision made for April was ideal, Iran’s Governor for OPEC, Amir Hossein Zamaninia, said after 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.
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OPEC+ Agrees to Keep 18 Members’ Oil Output Unchanged for April
TEHRAN (Shana) -- OPEC and its allies reached a compromise on Thursday on extending the current crude oil output cuts of 18 members for April, allowing Russia and Kazakhstan to raise their production by 150,000 bpd.
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14th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 14th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago.
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13th OPEC+ Meeting held via Video-conference
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh attended the 13th ministerial meeting of OPEC+ which took two days for the group to cement a consensus about their crude oil output in February and March 2021.
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13th OPEC+ Ministerial Meeting starts via Videoconference
TEHRAN (Shana) -- The thirteenth ministerial meeting of OPEC members and non-OPEC producers, a grouping called OPEC+, started a few minutes ago via video conference.
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12th OPEC+ Ministerial Meeting Ends
The 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held via videoconference, on Thursday, 03 December 2020.
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Zangeneh: OPEC+ decision was wise
Crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, Iran’s Minister of Petroleum, Bijan Zangeneh, said, adding it was a wise decision.
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OPEC+ members agree to ease crude oil output cuts in January 2021
The 12th OPEC and non-OPEC Ministerial Meeting ended on Thursday with members reaching a consensus on easing crude oil output cuts by 500,000 bpd for January, 2021.
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12th OPEC+ Meeting Kicks off
TEHRAN (Shana) -- The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
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12th OPEC+ Meeting
TEHRAN (Shana) -- The 12th Ministerial Meeting of OPEC and non-OPEC countries was held via video conference on Thursday, December 3.
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OPEC 180th Meeting to Reconvene Tomorrow
TEHRAN (Shana) -- The 180th Meeting of the OPEC Conference will reconvene tomorrow for further deliberations.
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Reaching Consensus Requires Patience, Negotiation: Zangeneh
TEHRAN (Shana) – OPEC members’ decision on how to extend oil output cut deal would depend upon tomorrow’s meeting with non-OPEC members; tomorrow is an important day and achieving consensus needs patience and negotiation, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday.
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OPEC Meeting not Finished
TEHRAN (Shana) – The meeting is not finished and would depend on the meeting with non-OPEC producers, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday after the 180th Meeting of the OPEC Conference..
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OPEC's 60th Anniversary
VIENNA (Shana) -- OPEC has released a documentary about the 60th annivesary of its establishment.