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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 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 Arabia Can't Replace Iran's Oil

Petroleum Minister Bijan Zangeneh said on Monday that no country in the world and even Saudi Arabia cannot replace Iranian petroleum output.

US Responsible for Oil Price Increase

The Organization of the Petroleum Exporting Countries (OPEC) is not behind oil price increases and the US' decision is the reason for the surge of prices.

Trump Main Cause of Oil Price Hike

Iran's oil minister said the US president and his illegal, disturbing policies have resulted in oil price rise and instability in the region.

India’s Oil Imports from Iran Jumped 44% in August

India’s crude oil imports from Iran jumped a whopping 43.72 percent to 2.07 million tons (mt) in August this year.

Iran's Missing Barrels Cannot be Compensated

Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic’s oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.

Trump’s Demands Faced Negative Response from OPEC

Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.

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