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OPEC Decides 1.2m bpd Output Cut

OPEC agreed on an output cut of 1,200,000 barrels per day, exempting Iran from the supply cut decision.

Iran Raps US Envoy’s Meetings with OPEC Members

The Iranian oil minister has lashed out at US special representative for Iran Brian Hook over his “meddlesome” meetings with members of the Organization of the Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.

Iran Carefully Watching Next Saudi-Russian Oil Move

Iran is carefully monitoring the next steps by some OPEC members and their allies which have “arbitrarily” ramped up oil production, leading to a crash in prices.

History of Iran-US oil conflict

Iran and the United States of America conflict on oil dated back to 1953, when the US in collaboration with the then British government overthrew the government of nationalist prime minister Mohammad Mosaddeq, who was leading the oil nationalization movement against Britain.

Iran’s Oil Exports Total 2.20 Mmbpd in First 2 Weeks of October

Iranian crude oil and condensate exports averaged 2.20 million barrels per day (Mmbpd) in the first two weeks of October, an increase of 195,618 Bpd over the full month of September, Kallanish Energy reports.

Iran Sees 'Solid' Oil Production Outlook

Iran’s senior officials remain generally upbeat about the country’s oil production outlook despite looming US sanctions which seek to drain a key source of revenues.

Trump Pressures will not Curb Oil Prices

Iran’s Minister of Petroleum Bijan Zangeneh says there is no spare capacity left for oil producers to pump more, dismissing US President Donald Trump’s pressure on OPEC to ramp up output to bring down prices.

Saudi Journalist’s Case Slap in Face to US

Saudi Arabia is one of the United States’ most important allies in the Middle East. Saudi Arabia is also a tyrannical monarchy that punishes dissent, oppresses its own people, and has supported the spread of an intolerant form of Islam worldwide, Foreign Policy magazine wrote.

Riyadh‎ Meets US Demand to Replace Iran Oil: Saudi King

Under pressure from the US to lower oil prices, Saudi Arabia says it has already replaced Iranian crude lost to US sanctions.

Oil Price Rally Offsetting US Sanctions Impact

A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.

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