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.

|

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.

|

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.

|

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.

|

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.

|

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.

|

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.

|

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).

|

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.

|

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.

|

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.

|

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.

|

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

Iran’s Crude Oil Production Exceeds 3 Million bpd in November: OPEC

According to the latest report released by the secretariat of the Organization of Petroleum Exporting Countries (OPEC), Iran’s crude production volume in November 2023 reached 3.128 million barrels of oil per day (bpd), showing a hike of 7,000 barrels compared to a month earlier.

|

Publish Date:16/December/2023 | 13:14

OPEC+ agrees to deepen voluntary oil output cuts

OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.

|

Publish Date:02/December/2023 | 09:55

Iran’s Oil Output Tops 3 Million bpd in October: OPEC

Iran’s crude oil production volume in October 2023 reached 3.115 million barrels per day (bpd), showing a 46,000-barrel hike compared to a month earlier.

|

Publish Date:13/November/2023 | 11:41

Oil Heading for Biggest Weekly Fall in Months

EghtesadOnline: Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic.

|

Publish Date:17/July/2021 | 15:19

OPEC+ Compliance With Oil Output Cuts Jumps to 103%

EghtesadOnline: The OPEC+ group of producers’ compliance with the oil output cuts in January hit 103%, higher than the estimated compliance in December.

|

Publish Date:01/March/2021 | 20:11

African Members’ Production Troubles Offset OPEC’s Planned Increase

EghtesadOnline: OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.

|

Publish Date:04/February/2021 | 17:13

Brent, WTI Fall on Supply Glut Fears

EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.

|

Publish Date:04/August/2020 | 24:30

OPEC Fund Extends Grant to Iran

EghtesadOnline: OPEC Fund for International Development has approved $500,000 in emergency grant to purchase and distribute medical equipment needed for combating COVID-19 in Iran.

|

Publish Date:04/April/2020 | 09:16