Members of OPEC were not able to reach an agreement to collectively reduce production due to Russia’s refusal. The previous agreement to reduce...
06 Mar 2020
OPEC
The new energy minister of Saudi Arabia announced that his country will continue to voluntarily follow the decision by OPEC and +OPEC to reduce oil...
12 Sep 2019
Raveesh Kumar, the spokesperson for the foreign ministry of India said that his country is prepared to stop purchasing oil from Iran and abide by U.S...
03 May 2019
According to Reuters, Iran’s oil export to Asia has increased a small amount since the sanction waivers were issued for 8 countries and it will...
01 Feb 2019
On the second day of the OPEC summit, Iran agreed to decrease its oil production. Reuters reported that after Iran reached an agreement with Saudi...
07 Dec 2018
Bijan Namdar Zangeneh, Iran’s minister of oil, said that despite Iran’s criticisms to the current conditions at OPEC, the country will not exit OPEC...
07 Dec 2018