OPEC & Non-OPEC
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CORRECTED--OPEC Partners Agree to Extend 9.6 mb/d Output Cut
TEHRAN (Shana) -- Non-OPEC ministers gave the nod to OPEC’s earlier proposal for extending for another one month the previously reached agreement on cutting 9.6 mb/d from their output in a bid to help shore up prices.
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Zangeneh: Oil Price Balance Tied to Global Economic Recovery
TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said on Saturday that balance would be back to the oil market once the entire global economy would recover.
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Iran: OPEC to Keep Cutting Output If Non-OPEC Agrees
TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said OPEC ministers agreed on Saturday to continue cutting 9.7 mb/d from their output provided that non-member allies follow suit.
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Iran Names New OPEC Governor
TEHRAN (Shana) -- Iran’s deputy minister of petroleum for international affairs, Amir-Hossein Zamani-Nia, has been accepted as the country’s new OPEC governor.
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Zangeneh Says Kazempour’s Death a “Major Loss”
TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh on Saturday heaped praise on Iran’s deceased OPEC governor Hossein Kazempour Ardebili, saying his recent death was a “major loss” for the country.
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OPEC Ministers Meet to Decide Supply Cut
TEHRAN (Shana) -- OPEC ministers on Saturday came together on videoconference to discuss what policy to adopt on oil production in coming months amid falling demand due to the coronavirus outbreak.
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OPEC+ Ministers hold Virtual Meeting amid Insane Oil Market
TEHRAN (Shana) -- Several oil and energy ministers of the OPEC–non-OPEC oil producing countries, signatories of the Declaration of Cooperation, held an informal teleconference to brainstorm the current dramatic oil market situation.