OPEC
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Oil Market Concerned about Glut in Coming Months: Owji
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of the world and the possible demand destruction, saying: “There are concerns about the possibility of a glut in the oil market in the coming months.”
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34th OPEC+ Ministerial Meeting Starts Virtually
TEHRAN (Shana) -- The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
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OPEC+ Sticks to 2mbd Output Cut
TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.
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185th OPEC Meeting Held Online
TEHRAN (Shana) -- The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
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OPEC Sec. Gen. Sends Message of Condolences on Terrorist Attack in Shiraz
TEHRAN (Shana) -- Haitham Al Ghais, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) sent a message expressing his condolences over the death of dozens of the visitors of Shahcheragh Holy Shrine in the southern city of Shiraz by a terrorist attack last week.
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33rd OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and non-OPEC Ministerial Meeting took place in person at the OPEC Secretariat in Vienna, Austria, on Wednesday, 5 October 2022.
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OPEC+ Agree to cut Output by 2 mbd
TEHRAN (Shana) -- 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) reached a consensus in their 33rd meeting with a daily reduction of 2 million barrels per day for the period between November 2022 to December 2023.
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33rd OPEC+ Meeting Begins in Vienna
TEHRAN (Shana) -- The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago at the headquarters of the OPEC Secretariat in Vienna.
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33rd OPEC+ Ministerial Meeting to be held in Vienna
TEHRAN (Shana) -- The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will be held in Vienna on Wednesday, October 5.
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Framework of Iran-Uzbekistan Energy Cooperation Sketched
TEHRAN (Shana) -- The Iranian Deputy Petroleum Minister of International Affairs and Trade determined the framework of cooperation between the two countries in the energy sector in a meeting with the Acting Minister of Energy of Uzbekistan.
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Min. Voices Iran Readiness to Help Global Energy Security
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the global energy market needs an increase in the supply of oil from Iran, adding: “As a major producer of oil and petroleum products, we are always ready to play our role in providing oil and gas away from politics. and help improve energy security in the world.”
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32nd OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 32nd OPEC and non-OPEC Ministerial Meeting was held via video conference on Monday, September 5, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Cuts Output by 100k for October 2022
TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in their 32nd meeting agreed to cut their oil output for the month of October.
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32nd OPEC+ Meeting Kicks off Online
TEHRAN (Shana) -- The 32nd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago via videoconference.
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Energy Security Redefined
TEHRAN (Shana) -- European Union unanimously decided to impose sanctions on seaborne crude oil deliveries from Russia. Europe’s energy future is now woven by hasty opportunistic policies using Russian- Ukraine conflict as a new crowbar to open the door to dismantled US Northern Atlantic alignment and flawed energy transition policies.
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31st OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 31st OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday, August 3, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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Iran Oil Minister Condoles Nigerian Over Death of OPEC Sec. Gen.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji sent a letter of condolence to the Nigerian ministry of petroleum resources to express his sorrow over the passing away of HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), who died on Tuesday evening.
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Iran OPEC Boss sends Letter of Condolence on Death of Sec. Gen.
TEHRAN (Shana) – Iran’s OPEC Governor Amirhossein Zamaninia sent a letter of condolence to Dr Adedapo Odulaja, Governor of OPEC for Nigeria, to express his condolences to the late OPEC Secretary General Mohamad Sanusi Barkindo who passed away on Tuesday.
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OPEC Secretary General, Muhammad Barkindo, Dies at 63
TEHRAN (Shana) -- Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Muhammad Sanusi Barkindo died on Tuesday at 63.
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30th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 30th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 30, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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Oil Minister: Global Oil Market Needs a Rise in Iran Supply
TEHRAN (Shana) -- Jeopardizing energy security and heightening market volatility have lose-lose outcomes for all players, Iranian Minister of Petroleum said on Thursday, adding global oil market needs an increase in Iran oil supply.
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OPEC+ Agree to Boost Output by 648k b/d in August
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.
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Owji: Iran Return to Oil Market Can Calm Int'l Markets
BAKU (Shana) – Global oil market is in a condition that return of Iran oil can remarkably help meet customers’ needs and make the world markets balanced and calm, Iranian Minister of Petroleum said on Thursday.
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29th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 29th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 2, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Agrees to Raise Output by 648,000 bpd for July
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries and its allies, OPEC+ coalition, agreed on Thursday to increase crude oil output by 648,000 barrels per day in July.
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OPEC Sec. Gen. Message to Iran Oil Show
VIENNA (Shana) – OPEC Secretary General Mohammad Sanusi Barkindo send a message to organizers of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition which was held here in Tehran on 13-16 May 2022.
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OPEC+ Meeting
TEHRAN (Shana) -- The meeting of the oil and energy ministers of OPEC+ countries was held on Thursday, May 5, via videoconference. The group decided to raise production targets by 432,000 barrels per day for next month, sticking to an existing strategy of gradually unwinding record supply cuts.
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28th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- Following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 5th May, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic.
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OPEC+ Sticks to Output Growth Plan for June
TEHRAN (Shana) -- The 23 members of the Organization of THE Petroleum Exporting Countries and its allies (OPEC+) agreed at their 28th meeting to add 432,000 barrels to the group’s daily crude oil output in June.
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Iran Gas Industry, Dormant Giant: Expert
TEHRAN (Shana) – A senior expert in energy economics says that the world looks at Iran's gas industry as a dormant giant and is aware of its capabilities in the field of gas and oil. "Good management and governance in the energy sector always requires avoiding haste," he said.