Gulf News - Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the noose on Tehran. The 14-member Organization of the Petroleum Exporting Countries pumped 30.17 million barrels per day (bpd) in May, the survey showed, down ...

MNA Iranian Parliament Speaker Ali Larijani said that Saudi Arabia and the United Arab Emirates cannot increase their oil production despite what they claim. Speaking in a local ceremony in Tehran, he said that enemies are waging a psychological war against Iran, adding, Saudi Arabia and the United Arab Emirates dont have the capacity to sell more ...

Reuters - Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million barrels per day, two sources told Reuters on Sunday, as the worlds top oil exporter grapples with a drop in crude prices. The sources said any such deal would depend on factors including the level of Iranian exports after ...

Press TV - Irans minister of petroleum says Saudi Arabia has submitted to US pressure, violating an OPEC agreement reached in June not to raise its production. Bijan Zangeneh wrote to his Saudi counterpart Khalid al-Falih in July to remind that OPECs supply pact did not give member countries the right to raise oil production above their targets....