OPEC

An Iranian official on Thursday cautioned against optimism about the prospects for a deal on a cap on oil production, saying Iran would not be ready to commit to…

BP on Wednesday said it does not expect to increase production from its fields in Azerbaijan in 2017, adding it would support the country in backing measures aimed at…

Iranian Minister of Petroleum Bijan Namdar Zangeneh on Tuesday said his country would back OPEC efforts geared towards the stabilisation of the global oil…

The UAE, Kuwait and Qatar over the past 24 hours have all expressed support for the Saudi-Russian initiative announced on Monday to jointly work to stabilise oil…

Iran can increase oil output by an additional 200,000 bopd, National Iranian Oil Company board member Mohsen Ghamsari said on Monday, raising the stakes ahead of the…

Russia has thrown its weight behind a production cap as a means to stabilise the global oil markets, calling on OPEC to reach a compromise on the topic of Iranian…

Saudi Arabia on Wednesday rejected allegations that it strives to achieve a certain level of production, saying it works to meet demand instead, be it domestic or…

Oil prices suffered in the early hours of trading on Friday, as the excitement over the Thursday announcement of Iran joining the upcoming OPEC talks was overshadowed…

Iran will take part in the September closed-door OPEC meeting in Algeria, the Ministry of Petroleum’s news portal announced on Thursday.

Minister of Petroleum…