تیتر سه سرویس
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Oil minister to hold energy talks With BRICS counterparts
SHANA (Tehran) – Iran’s oil minister will meet with energy officials from BRICS member countries during a visit to India for the 11th BRICS Energy Ministers’ Meeting, according to the head of public relations and spokesperson for the Oil Ministry.
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Oil exports poised for growth amid flexible strategies
SHANA (Tehran) – Oil Ministry said it is prepared to expand crude oil exports by leveraging a range of export mechanisms and opportunities created by the partial suspension of sanctions, while maintaining uninterrupted operations despite years of sanctions and recent military conflict.
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US Treasury issues waiver for Iranian crude exports
SHANA (Tehran) – The United States authorized the production, delivery and sale of Iranian oil for 60 days, implementing a key provision of a recent memorandum of understanding between Washington and Tehran aimed at advancing talks toward a final agreement.
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Reshadat field upgrade expected to add 35,000 bpd
SHANA (Tehran) – The head of the Iranian Offshore Oil Company (IOOC) said installation of the P4 processing platform at the Reshadat oil field will significantly increase Iran’s offshore oil production capacity in the Persian Gulf.
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NISOC to boost processing capacity, crude output
SHANA (Tehran) – Iran’s largest oil producer plans to increase its processing capacity and crude oil output by the end of the year as development projects continue despite wartime challenges, according to the chief executive of the National Iranian South Oilfields Company (NISOC).
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Iran heavy crude price jumps above $115 per barrel
SHANA (Tehran) – Iran’s heavy crude oil price rose by $10.24 in May 2026 from the previous month, reaching $115.39 per barrel, while total crude production by OPEC members declined by 177,000 barrels per day (bpd), according to OPEC’s latest monthly report.
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OPEC+ reaffirms cooperation, eyes 2027 targets
SHANA (Tehran) – The 41st OPEC and non-OPEC Ministerial Meeting reaffirmed the alliance's commitment to oil market stability, extending current crude production targets through the end of 2026, maintaining oversight by the Joint Ministerial Monitoring Committee and endorsing plans to strengthen long-term cooperation among participating countries under the Declaration of Cooperation and the Charter of Cooperation.
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OPEC+ advances gradual output increase
SHANA (Tehran) – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability.
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The value of OPEC to its Member Countries
SHANA (Tehran) – The value of OPEC can be demonstrated in a range of historic and current benefits for Member Countries that have been seen throughout the Organization’s almost 66-year history. These can be summarized in six key points:
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Saudi Arabia, Iran lead OPEC oil production in April
SHANA (Tehran) – Saudi Arabia and Iran remained the top oil producers in the Organization of the Petroleum Exporting Countries in April 2026, according to OPEC’s latest monthly report.
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Seven OPEC+ states adjust production, reaffirm commitment to market stability
SHANA (Tehran) – The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 3, 2026, to review global market conditions and outlook.
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OPEC monthly oil output falls by nearly 8m barrels
SHANA (Tehran) – Daily crude oil production by member countries of the Organization of the Petroleum Exporting Countries (OPEC) dropped by 7.878 million barrels to 20.788 million barrels per day, according to the group’s latest report.
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65th meeting of JMMC held via videoconference
SHANA (Tehran) – The Joint Ministerial Monitoring Committee (JMMC), comprising Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Nigeria, Algeria and Venezuela held its 65th Meeting via videoconference on Sunday.
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OPEC+ states adjust production, reaffirm commitment to market stability
SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 5, 2026, to review global market conditions and outlook.
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Operational commitment of oil experts ensures production stability
SHANA (Tehran) - The CEO of the National Iranian South Oilfields Company said the expertise, technical knowledge and operational commitment of oil industry employees in confronting technical challenges ensure stability and continuity in ongoing production processes.
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OPEC oil tops $142, doubling since start of Ramadan War
SHANA (Tehran) - The price of OPEC’s oil basket climbed above $142 per barrel last week, marking more than a 100% increase since the start of the Ramadan War.
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Iran has no surplus crude for sale
SHANA (Tehran) - The Oil Ministry’s spokesperson said Iran currently has no surplus crude oil stored on the water or available for sale in international markets.
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OPEC Oil Basket jumps 71%, surges $50 amid Ramadan War escalation
SHANA (Tehran) - The price of OPEC’s oil basket (ORB) has surged more than 71%, reaching $120.86 per barrel amid heightened conflict during the imposed Ramadan War.
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Iran’s crude production rises by 34,000 bpd in February
SHANA (Tehran) - Daily oil production by members of the Organization of the Petroleum Exporting Countries increased by 164,000 barrels in February to 28.63 million barrels per day, according to the group’s latest monthly report.
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Will the oil market ignite if attacks on Iran continue?
SHANA (Tehran) – A former head of oil studies at the Organization of the Petroleum Exporting Countries says a prolonged closure of the Strait of Hormuz would inflict serious economic damage on oil-consuming nations, while potentially spurring new global investment in oil projects.
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Fate of black gold: All eyes on the Persian Gulf
SHANA (Tehran) – An energy market analyst said the oil market has been roiled by the US-Israeli attack on Iran, with all attention now focused on the Persian Gulf region and the Strait of Hormuz, through which 21 million barrels of oil and one-fifth of the world's liquefied petroleum gas pass daily.
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OPEC crude production falls by 135,000 barrels per day in January
SHANA (Tehran) – OPEC’s latest monthly report shows that crude oil production by the organization’s members declined by 135,000 barrels per day in January.
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Private sector drives shift in upstream oil investment
SHANA (Tehran) – The National Iranian Oil Company (NIOC) has launched a new approach to upstream oil and gas investment centered on private-sector participation, a senior official said.
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Oil can help achieve SDG 7
SHANA (Tehran) –Globally, over 666 million people do not have access to electricity. If those without electricity were a country, they would be the third most populous on earth.
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NIDC accelerates drilling fleet expansion under Seventh Development Plan
SHANA (Tehran) – The country's drilling industry has entered a new phase of development under the seventh five-year development plan, focusing on expanding drilling fleet capacity and improving operational efficiency. This phase prioritizes acquiring new rigs, modernizing the existing fleet and enhancing key performance indicators to support increased oil and gas production.
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OPEC+ JMMC reiterates focus on full oil production conformity
SHANA (Tehran) – The 64th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Sunday, February 1, 2026.
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Oil minister dismisses concerns over possible US deals with Tehran’s customers
SHANA (Tehran) – Oil minister said there is no need for concern that the United States, after gaining control of Venezuelan oil, could strike deals with Iran’s long-standing oil customers such as China.
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OPEC oil basket price rises nearly $2
SHANA (Tehran) – The price of the OPEC oil basket rose by nearly $2 on Thursday (Jan. 29), according to the organization’s secretariat.
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OPEC boosts crude output by 105,000 bpd in December 2025
SHANA (Tehran) – Daily crude oil production by OPEC member countries rose by 105,000 barrels in the final month of 2025, reaching 28.564 million barrels per day in December, according to the organization’s latest report.
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Reducing private-sector investment risk in oil industry
SHANA (Tehran) – The CEO of PetroIran Development Company said the investment volume under a contract to supply four drilling rigs to the National Iranian Oil Company (NIOC) is about $200 million, adding that the public-private partnership (PPP) contract model guarantees the company’s operations for five years, significantly reducing investment risk for the private sector.