Opec

IEA sees global oil market surplus for 2025

The International Energy Agency (IEA) has said global oil supply could exceed demand by around 600,000 barrels per day in 2025.

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Publish Date:15/March/2025 | 13:55

OPEC+ to raise output for first time since 2022

The Organization of the Petroleum Exporting Countries and its allies, a grouping known as OPEC+, has decided to go ahead with plans to increase its production in April after three years of imposing cuts.

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Publish Date:04/March/2025 | 08:52

Iran's heavy crude oil prices surge in January: OPEC

According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.

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Publish Date:13/February/2025 | 14:28

Pres. Pezeshkian:

OPEC member states’ unity to neutralize US sanctions impact

Iranian President Masoud Pezeshkian says that unity and amity between member states of the Organization of Petroleum Exporting Countries (OPEC) will neutralize the US sanctions.

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Publish Date:05/February/2025 | 21:22

Iran oil minister elected to OPEC presidency

Mohsen Paknejd, the Iranian oil minister, was elected as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday.

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Publish Date:10/December/2024 | 20:58

Iran, OPEC Fund agree for presence of Iranian investors

Iran’s Minister of Economic Affairs and Finance Abdolnasser Hemmati, announced that Iran and the OPEC Fund have agreed to welcome Iranian private investors in joint projects.

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Publish Date:26/November/2024 | 11:33

OPEC+ countries extend oil production cuts

OPEC+ countries have decided to extend voluntary oil production cuts of 2.2 mln barrels per day until the end of December, according to a statement published on the group’s site.

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Publish Date:04/November/2024 | 11:40

OPEC reports slight increase in Iran oil output in September

Iran’s oil production continued to rise in September despite a global decline in output and restrictions imposed on the country’s exports because of US sanctions.

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Publish Date:15/October/2024 | 11:32

Iran remains OPEC 3rd biggest oil producer in August: Report

The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month.

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Publish Date:14/September/2024 | 13:36

OPEC hails Iran as a pioneer in oil industry heritage

The Organization of Petroleum Exporting Countries (OPEC) commended Iran's outstanding role and announced that the Islamic Republic of Iran is a leading country in the oil industry heritage.

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Publish Date:18/July/2024 | 13:49

Iran’s crude oil price rises in H1 2024: OPEC

The latest report of the Organization of Petroleum Exporting Countries (OPEC) indicated that the average Iran's crude oil price increased $4.76 per barrel in the first half of the 2024 compared to the same period last year.

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Publish Date:12/July/2024 | 16:18

Iran becomes 4th largest oil exporter in OPEC: Report

Iran has risen to become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales.

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Publish Date:03/July/2024 | 09:52

Iranian crude exports rise, lifting its ranking in OPEC

Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.

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Publish Date:30/June/2024 | 17:33

OPEC+ Deal Sole Way for Global Energy Security: Iran’s Oil Minister

The Iranian oil minister described the agreement made by the OPEC+ members and cooperation among major oil producers as the only option for ensuring the world’s energy security in the short and long term.

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Publish Date:03/June/2024 | 14:54

OPEC+ Extends Deep Oil Production Cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production.

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Publish Date:03/June/2024 | 10:45

Iran becomes 2nd producer of liquid fuel in OPEC

Overtaking Iraq, Iran has become the second producer of liquid fuel in the Organization of Petroleum Exporting Countries (OPEC).

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Publish Date:12/May/2024 | 11:40

Iran’s oil price, output surge in March 2024: OPEC

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly report has said that Iran’s oil production volume increased by 28,000 barrels per day (bpd) in March 2024.

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Publish Date:14/April/2024 | 10:49

For Q2;

OPEC+ nations extend voluntary oil output cuts by 2.2 mn bpd

Several countries participating in the OPEC+ agreement will continue voluntarily reducing oil production in Q2 by a total of almost 2.2 mln barrels per day.

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Publish Date:01/April/2024 | 11:46

OPEC+ extends oil output cuts to 2024 2nd quarter

The Organization of the Petroleum Exporting Countries (OPEC), along with 10 other nations together known as OPEC Plus agreed on Sunday to extend output cuts of 2.2 million barrels per day into the second quarter of 2024.

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Publish Date:04/March/2024 | 09:11

Iran’s Oil Minister, OPEC Chief Discuss Recent Developments in Global Oil Market

Iran’s Oil Minister Javad Owji held talks with Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais on the sidelines of the 7th meeting of heads of the Gas Exporting Countries Forum (GECF) in Algeria.

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Publish Date:03/March/2024 | 11:07