‘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 Countrie...

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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 boo...

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Oil edges up ahead of Christmas
Oil edges up ahead of Christmas

File image of an oil platform Crude prices have edged up ahead of the Christmas with the global markets waiting to see how OPEC’s planne...

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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 wi...

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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 Expor...

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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 a...

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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...

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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 Organiza...

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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 ...

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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 ...

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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 ...

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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 E...

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​Russia support OPEC’s oil freeze plan
​Russia support OPEC’s oil freeze plan

Russian President Vladimir Putin says his country supports an OPEC plan to freeze oil production as a way to support oil prices. (Photo by...

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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 Ex...

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Iran draws closer to No. 2 OPEC position
Iran draws closer to No. 2 OPEC position

Oil facilities in Iran's West Karoun near the Iraqi border (Photo by Shana) Minister of Petroleum Bijan Zangeneh says Iran’s oil exp...

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