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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

28th Iran Oil Show Inaugurated in Tehran

The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) was inaugurated in a ceremony at the Tehran Permanent International Fairgrounds Wednesday, attended by Iran’s Oil Minister Javad Owji and senior managers of the oil industry.
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Publish Date:08/May/2024 | 24:46

Iran oil output up 500k bpd y/y: IMF

The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd.
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Publish Date:28/April/2024 | 11:26

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

Iran’s Oil Price, Output Surge in March 2024: OPEC

The Organization of Petroleum Exporting Countries (OPEC) in its latest report revealed that Iran’s oil production volume increased 28,000 barrels per day in March 2024.
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Publish Date:12/April/2024 | 14:49

Iran’s Oil Explorations Up 300% in 2 Years: NIOC Director

The explorations manager of the National Iranian Oil Company (NIOC) said the country’s oil explorations registered a 300% growth in two years of the administration of President Ebrahim Raisi, who assumed office in August 2021.
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Publish Date:12/March/2024 | 24:44

Iran’s Oil Explorations Up 300% in 2 Years: NIOC Director

The explorations manager of the National Iranian Oil Company (NIOC) said the country’s oil explorations registered a 300% growth in two years of the administration of President Ebrahim Raisi, who assumed office in August 2021.
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Publish Date:12/March/2024 | 24:27

Iran’s Oil Industry Attracts $4.8 bln of Foreign Investment in 11 Months

Iran’s minister of economic affairs and finance said the largest foreign investment within the framework of Foreign Direct Investment (FDI) has been made in the country’s oil industry in the 11 months of the current Iranian calendar year (started March 21, 2023).
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Publish Date:28/February/2024 | 24:45