Al Ghais says OPEC will welcome back Iran’s full return to market when sanctions lifted

OPEC Secretary General, His Excellency Haitham Al Ghais, said that the OPEC family welcomes back the full return of Iran’s oil production to the oil market, once the sanctions against its oil sector are lifted, HE Al Ghais was talking in an exclusive interview with the Iranian SHANA news agency and Iran Petroleum monthly.

Iran president meets OPEC chief

Raeisi calls for OPEC members’ unity to foil Western plot to create divisions

SHANA (Tehran) – Iran’s president held talks with the Organization of the Petroleum Exporting Countries secretary general here on Saturday, calling for unity among OPEC member states to foil some Western countries’ plot to create divisions.

OPEC chief arrives in Tehran to meet president, oil minister

SHANA (Tehran) – OPEC Secretary General Haitham Al Ghais arrived in Tehran on Friday to hold talks with President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji.

OPEC chief says underinvestment could trigger oil market volatility

OPEC Secretary-General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.

OPEC holds global oil demand view steady, cites U.S. debt ceiling risks

OPEC's global oil demand forecast for 2023 was held steady for a third month, with the producer group citing the potential Chinese growth to be offset by downside economic risks elsewhere such as the U.S. debt ceiling.

OPEC, IEA clash over latest output cuts

OPEC and the International Energy Agency (IEA) do not see eye to eye when it comes to the latest cuts in oil output by OPEC+ producers.

OPEC's share of oil production growth to shrink this year: EIA

Non-OPEC countries will account for a higher percentage of oil production gains this year and next, a reversal of the last two years, the U.S. Energy Information Administration predicted.

OPEC cites risks to summer oil outlook as backdrop to shock cut

OPEC flagged downside risks to summer oil demand as part of the backdrop to output cuts announced this month by OPEC+ producers, shedding some light on the factors behind the surprise move that has led to a rise in oil prices.

Oil drops 1% after scaling multi-month highs on OPEC's demand warning

Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in the previous session.

Iran’s former official at OPEC:

Tehran, Riyadh expected to seize opportunity to boost ties in oil, gas sectors

SHANA (Tehran) – Former OPEC affairs head of the the Iranian Ministry of Petroleum here on Saturday said Tehran and Riyadh are expected to seize the opportunity created after their rapprochement and develop their relations, particularly in oil and gas sectors.

Iran’s former OPEC governor:

Iran-Saudi agreement to stabilize global oil market

SHANA (Tehran) – Iran’s former OPEC governor is convinced that Iran-Saudi rapprochement will be to the advantage of crude oil importers and exporters of the Middle East and could stabilize global oil market.

Historic Declaration of Cooperation of OPEC and non-OPEC oil-producing countries turns six

VIENNA (Shana) -- The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned six today, December 10 2022.

Statement of 34th OPEC and non-OPEC Ministerial Meeting

TEHRAN (Shana) -- The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.

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.”

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.

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.

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.

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.

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.                     

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.

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.

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.

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.

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.”

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.

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.

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.