oil prices
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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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FM blames US, Israel for rising oil prices
SHANA (Tehran) — Foreign minister blamed the United States and Israel for rising oil prices, saying their actions in the region are to blame.
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OPEC’s tough year: A quarter of oil’s value lost
SHANA (Tehran) – OPEC’s oil basket ended 2025 down 24% from the previous year after a period of sharp volatility.
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OPEC’s oil earnings dip—but not for four members
SHANA (Tehran) – OPEC data shows Iran’s oil export revenue increased by 14% in 2024.