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OPEC, Russia Rejects Trump’s call to Increase Oil output

Saudi Arabia – the biggest oil producer of the Organization of the Petroleum Exporting Countries (OPEC) – and biggest oil-producer ally outside the group, Russia, have jointly rebuffed a veiled request by US President Donald Trump to implement an immediate increase in their production of crude oil.

US Pressing Oil Majors to Raise Output

Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.

Iran no Nonger Vulnerable to US Gasoline Sanctions

As the United States is preparing to re-impose a series of economic sanctions against Iran, signs show Washington will not be able to exploit what was generally believed to be Iran’s Achilles heel in the previous round of 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.

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.

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