OPEC & Non-OPEC
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Expert cites Saudi-U.S. ties as reason for OPEC+ surprise output cuts
SHANA (Tehran) – Former OPEC affairs head of the Iranian Ministry of Petroleum cited two economic and political factors as main reasons behind the recent OPEC+ surprise decision to cut oil output.
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OPEC+ output cuts aimed at ending U.S. hegemonic energy policies
The collective oil output cut by OPEC+ is a very important decision made by the alliance, as it is, in fact, the big producers’ move toward ending the United States’ hegemonic energy policies.
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48th Meeting of the Joint Ministerial Monitoring Committee
SHANA (Tehran) – The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 3 April 2023.
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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.
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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.
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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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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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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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Owji: West Should Adopt a Rational Approach to World Energy Security
TEHRAN (Shana) – Sustainable and constant cooperation in OPEC+ coalition could help consumers remarkably in the current conditions, Iranian Petroleum Minister said on Wednesday, expressing hope that major western governments understand the sensitivities properly and adopt a rational approach to achieve world energy security.
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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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OPEC+ Agrees to Raise Output by 100,000 bpd for September
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ coalition, agreed on Wednesday to increase crude oil output by 100,000 barrels per day in September.
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Owji: Iran Will Continue Constructive Interactions with OPEC
TEHRAN (Shana) -- Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support our new Secretary General as well as the OPEC Secretariat, Iranian Petroleum Minister said on Wednesday.
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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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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+ 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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Owji: Iran’s 13th Government Welcomes Local, Int’l Investors to Secure Global Energy Supply
TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, said on Thursday we always seek depoliticization of global energy market and making constructive interactions between producers and consumers, adding the 13th government welcomes local and international investors to develop oil and gas upstream sectors in a bid to help maintain and improve the security of global energy supply in upcoming years and decades.
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27th OPEC and Non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 27th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, March 31, 2022 and ended with an agreement on increasing the coalition’s crude oil output by 432,000 bpd in May.
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27th OPEC+ Ministerial Meeting Wraps up
TEHRAN (Shana) -- The 27th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, March 31, 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 Boost Output by 432,000 bpd in May
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies, OPEC+ coalition, agreed at their 27th meeting to increase their output by 432,000 barrels per day in May.
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27th OPEC+ Meeting Begins Virtually
TEHRAN (Shana) -- The 27th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ Coalition, began a few minutes ago via videoconference.
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26th OPEC and Non-OPEC Ministerial Meeting
TEHRAN (Shana) -- The 26th OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday, March 2, 2022 and ended with a consensus on raising their crude oil output by 400,000 bpd for April.