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Iran Says No OPEC Member Can Seize its Market Share

Iran has called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent efforts by certain member states to take over its share of the oil market in what is seen as a reference to speculations that Saudi Arabia would pump more oil to fill Iran’s gap once US sanctions against the Islamic Republic take effect.

US Sanctions on Iran May Push Oil Prices Above $150

Upcoming US sanctions on Iran's energy sector, which snap back on November 4, could push oil prices above $150 a barrel from around $75 now, prominent hedge funds have warned.

Russia's Increased Oil Output Violates Agreement with OPEC

Iran's OPEC governor, Hossein Kazempour Ardebili, said on Monday that the rise in Russia's oil output runs contrary to global agreement for reduction of oil production and will endanger the long-term unity among oil producers.

Trump ‘Taken Hostage’ by Saudis on Iran Oil Sanctions

Iran’s OPEC governor says US President Donald Trump has apparently been duped by Saudi Arabia into believing that the kingdom can replace Iranian barrels cut from the market.

Iran, Russia Step up Energy Ties Amid West’s Sanctions

Russia and Iran have discussed energy cooperation between the two countries and through OPEC as part of their efforts to blunt the impact of Western sanctions.

Iran says OPEC to Suffer from Saudi Move to Raise Output

Iran says a recent move by Saudi Arabia to increase its production of oil despite last month’s agreement by the Organization of the Petroleum Exporting Countries (OPEC) to maintain supply limits has already put the credibility of the Organization at stake, stressing that Riyadh would be responsible for the future repercussions of this.

Deciphering Trump’s plot against oil market

By adopting certain stances against oil price hike and leveling criticism at a number of the exporters of hydrocarbon fuel, US President Donald Trump is pretending that he is siding with reduction in crude value.

Iran says no major change in oil exports despite US pressure

Iran’s Petroleum Minister Bijan Zanganeh says there has been no major change in the country’s production and export of crude oil despite recent threats by US President Donald Trump to halt the oil trade activities of the Islamic Republic.

Iran blasts Trump's 'insulting' order to OPEC

Iran says US President Donald Trump has insulted the Organization of the Petroleum Exporting Countries (OPEC) by trying to use political pressures to change the policies of the Organization.

Saudi Arabia And US Causing Oil Prices To Fall

Oil prices fell as a result of White House statements that Saudi King Salman bin Abdul Aziz promised US President Donald Trump to increase production when needed.

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