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‘Oil above $55 per barrel not to OPEC's benefit'
‘Oil above $55 per barrel not to OPEC's benefit'

Iran’s Oil Minister Bijan Zanganeh. (Photo by Shana) Iran says the member states of the Organization of the Petroleum Exporting Countries (O...

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OPEC reports big Saudi oil cut, boosting compliance with deal
OPEC reports big Saudi oil cut, boosting compliance with deal

OPEC Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost c...

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OPEC, non-OPEC producers set for deal
OPEC, non-OPEC producers set for deal

OPEC headquarters in Vienna, Austria (@AFP) The Organization of the Petroleum Exporting Countries (OPEC) is expected to clinch a deal with n...

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OPEC states must work for stable oil market: Iranian President Hassan Rouhani
OPEC states must work for stable oil market: Iranian President Hassan Rouhani

Iranian President Hassan Rouhani Iranian President Hassan Rouhani says all member states of the Organization of the Petroleum Exporting Coun...

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Crude prices enjoys best weekly gain in years
Crude prices enjoys best weekly gain in years

File image of an oil platform in the Persian Gulf Crude prices have soared after the Organization of the Petroleum Exporting Countries agree...

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Iran’s OPEC ‘victory’ hailed at home
Iran’s OPEC ‘victory’ hailed at home

The agreement by OPEC to exempt Iran from a much-debated oil freeze plan has been praised by the country’s media as a victory with most of t...

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Libya rejects OPEC production cuts
Libya rejects OPEC production cuts

Chairman of Libya’s National Oil Corporation Mustafa Sanalla Libya says it cannot be part of an imminent deal by members of the Organization...

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Oil prices slumped sharply after Saudi no-show
Oil prices slumped sharply after Saudi no-show

An AFP file image taken on August 21, 2013 shows an oil well near Tioga, North Dakota. Oil prices have slumped sharply amid uncertainty over...

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OPEC, non-oil cartel members discuss production cuts
OPEC, non-oil cartel members discuss production cuts

OPEC OPEC officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cuttin...

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OPEC facing its ‘hardest’ times in history
OPEC facing its ‘hardest’ times in history

OPEC produces about 35% of crude oil globally. OPEC is at its hardest stage in history as oil producing members are struggling to build cons...

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OPEC report Iran’s oil output at 3.6 mb/d
OPEC report Iran’s oil output at 3.6 mb/d

OPEC says Iran’s oil production has now reached a record high of 3.6 million barrels per day (mb/d). The Organization of the Petroleum Expor...

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Organization of Petroleum Exporting Countries (OPEC) reaches deal to cut oil production output
Organization of Petroleum Exporting Countries (OPEC) reaches deal to cut oil production output

OPEC has reportedly reached a deal to cut its production to 32.5 million barrels per day from November. The Organization of Petroleum Export...

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