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OPEC, Allies Agree to Historic 10 Million bpd Output Cut

EghtesadOnline: A historic production cut agreement between OPEC and its allies , known as OPEC+, hit a roadblock after Mexico refused to agree to its share of the cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours.
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Publish Date:11/April/2020 | 15:51

Zanganeh Says OPEC+ Needs Further Production Cuts

EghtesadOnline: OPEC and its allies need to cut crude output by 500,000 barrels per day to clear the oil market's oversupply from the coronavirus outbreak, Iran’s Oil Minister said upon his arrival in Vienna on Wednesday.
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Publish Date:07/March/2020 | 06:19

Massive Inflow of US Arms Into Region Denounced

EghtesadOnline: Foreign Minister Mohammad Javad Zarif chided the United States for transforming the Persian Gulf into a "tinderbox" with its massive arms sales to regional allies .
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Publish Date:14/August/2019 | 24:11