• OPEC 2017-06-13 18:52

    Iran oil output rises in May: OPEC

    TEHRAN – Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.

  • Iran oil 2017-05-25 13:04

    Iran tops OPEC nations in Q1 oil revenue increase

    TEHRAN – Iran’s oil revenue has increased about $15 million per day (m/pd) in the first quarter of 2017 compared to the last quarter of 2016, Bloomberg reported citing International Energy Agency (IEA).

  • Iran-OPEC 2017-05-19 22:20

    By Ebrahim Fallahi

    OPEC meeting: another winning chance for Iran

    As one of the key players in the world’s political and economic turnovers, oil market has been witnessing lots of ups and downs in recent years.

  • Zanganeh 2017-05-01 09:13

    Iran backs extension of OPEC, non-OPEC deal: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Saturday that Iran will back the extension of output cuts if the majority of OPEC and non-OPEC nations do so, Shana reported.

  • oil field 2017-03-04 09:15

    Iran’s oil output exceeds 3.8m bpd in February

    TEHRAN - Iran’s oil output increased to 3.83 million barrels per day (bpd) in February, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.

  • OPEC, Trump, and the oil market future 2017-01-27 19:52

    Haniyeh Sadat Jafariyeh

    OPEC, Trump, and the oil market future

    Will America First Energy Plan pay off?

    Shortly after Trump’s presidential inauguration, he announced that his administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans and will make a shift to border-adjusted corporate tax (BTA).

  • OPEC deal 2017-01-22 19:03

    Ministers positive on OPEC, non-OPEC oil output cuts

    Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time.

  • Rajesh Dutt 2016/12/27

    By Rajesh Dutt

    Five events that shook world economy in 2016

    An increasingly interconnecting world makes countries vulnerable to events in others. Seven years after the American subprime crisis shook the whole world, global economic shocks keep coming. 2016 witnessed several events that ended up impacting economies all over the world, for good and bad.

  • زنگنه 2016-12-14 10:00

    Oil minister touts OPEC compromise as outgrowth of nuclear deal 

    TEHRAN – Iran’s Oil Minister Bijan Namdar Zanganeh hailed on Tuesday the recent OPEC deal to stabilize the oil market, seeing it an outcome of the international deal over Iran’s nuclear program.

  • OPEC.jpg 2016-12-12 03:23

    By Ebrahim Fallahi

    OPEC deal: Touchstone of non-OPEC commitment

    On December 10, non-OPEC oil producers joined hands with OPEC in a collaborative effort to rebalance the overflowed oil market.

  • Hossein Askari 2016-12-04 09:31

     By M.A. Saki 

    OPEC success dependent on ‘grand bargain’ between Iran and S. Arabia: expert   

    TEHRAN - Hossein Askari, a professor of international business at George Washington University, is highly skeptical that Arab members of OPEC stick to the November 30 agreement to reduce oil output to push prices up.

  • OPEC meeting 2016-12-02 19:36

    By: Ebrahim Fallahi

    OPEC deal: Iran turns the tables on Saudis

    After months of talks and rounds of meetings, the Organization of the Petroleum Exporting Countries (OPEC) finally sealed a deal on November 30 for a production cut, marking a turning point in the organization’s history.

  • 5-OPEC.jpg 2016-12-02 09:24

    Oil Holds Gains after OPEC Output Deal

    TEHRAN – Oil prices on Thursday held on to gains made after OPEC struck a long­sought agreement to reduce production by 1.2 million barrels a day.

  • 5-OPEC.jpg 2016-11-30 12:01

    OPEC agrees to cut output by 1.2mbpd

    OPEC clinched a deal to curtail oil supply by 1.2 million barrels per day, confounding skeptics as the need to clear a record global crude glut -- and prove the group’s credibility -- brought about its first cuts in eight years.

  • Iran oil 2016-11-28 18:05

    Iranian oil minister heading to Vienna for OPEC meeting

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh will leave Tehran for Vienna Tuesday evening to attend the 171st meeting of the Organization of the Petroleum Exporting Countries (OPEC) which is due to be held on Wednesday, Shana reported on Monday.

  • Zanganeh- Barkindo 2016-11-20 20:07

    Iran optimistic on OPEC production cuts after Barkindo visit

    Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.

  • وزیر نفت بیژن نامدار زنگنه بوشهر 2016-11-16 18:51

    Iran's oil minister won't attend Friday OPEC talks: sources

    Iranian oil minister Bijan Zanganeh will not attend informal talks between some OPEC members in Doha on Friday, two OPEC sources said, adding that Iran's OPEC governor would represent Iran.

  • Iran-oil-640.jpg 2016-11-15 09:38

    Iran pumps more oil as Saudi minister calls for OPEC output cuts

    Iran boosted oil output at three western fields faster than it expected as rival OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.

  • oil 2016-11-13 07:52

    Iran tells OPEC it raised supply by most since sanctions

    Iran, which has said it’s exempt from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted. Iraq, unwilling to curb its supplies, reported a higher level than OPEC’s estimates.

  • Oil Slump 2016-11-11 19:01

    Mideast vulnerable to oil slump, only Iran shows resilient growth

    As OPEC prepares to meet at the end of the month, there has been a role reversal among the cartel’s heavyweights. Saudi Arabia and arch-rival Iran are among producer countries discussing terms of a supply deal that could — if they can pull it off — be the first output cut since the financial crisis. The kingdom, it seems, is on the back foot.

  • Zanganeh.jpg 2016-11-09 18:04

    Iran aims to produce 1-1.5 mbpd of oil through IPC: Zanganeh

    TEHRAN – In a television interview on Tuesday, Iranian Oil Minister Bijan Namdar Zanganeh said the country has put it on agenda to add 1-1.5 million barrels per day (bpd) of oil to the country’s production capacity using finance to be attracted through new oil contracts (known as IPC).