OPEC Deal
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May 30,2023The Organization of Petroleum Exporting Countries will welcome Iran’s return to the oil market when the US sanctions are removed, the secretary-general of OPEC said. “The National Iranian Oil... -
May 26,2023Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger US dollar and...
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July 06,2019OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters...
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December 07,2018OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share. Iran is...
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December 05,2018Compliance across OPEC is in question amid conflicting interests regarding oil production cuts and an abrupt withdrawal announcement from Qatar. While the tiny Persian Gulf sheikhdom’s departure...
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November 14,2018Iran pumped around 3.29 million barrels per day in October, down from 3.45 million bpd in September, OPEC data shows. According to OPEC secondary sources, Iran's average crude output in Q3 was 3...
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November 13,2018The Organization of the Petroleum Exporting Countries hasn't been effective in stabilizing oil prices, which have been more dependent on US shale production than the actions of the...
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November 11,2018A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.
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November 13,2017Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data ...
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October 04,2017Nearly a year into the production-cut deal that brought together major OPEC and non-OPEC...
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May 27,2017The unexpectedly negative reaction of global markets to OPEC's decision on extending crude supply....
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May 24,2017It is unlikely that Iran will reduce its crude oil output but will go along with an OPEC decision to extend supply cuts
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December 02,2016A prominent economist has welcomed an OPEC accord to cut crude output as a win-win...
