SHANA -- Irans Minister of Petroleum Bijan Zangeneh said OPEC ministers agreed on Saturday to continue cutting 9.7 mb/d from their output provided that non-member allies follow suit. It was decided that the agreement on cutting 9.7 mb/d from output should be conditional on the agreement of 10 non-OPEC producers, he told reporters as he left the ...

IRNA The Iranian President in a meeting with his Venezuelan counterpart, hailed efforts by members of the Organization of Petroleum Exporting Countries (OPEC), including Venezuela as well as the non-OPEC members in stabilizing the oil market. Efforts by OPEC and non-OPEC members to reduce output, prop up the oil prices and balance the market have ...

[caption id="attachment_13567" align="alignright" width="217"] OPEC figures show drops in output and price of Iranian oil for January 2015.[/caption] LONDON, March 18 (Reuters) - OPEC efforts to bring non-member countries such as Russiaon aboard in cutting output have made little progress, officials say, and even the chance of more Iranian exports ...

TEHRAN (Tasnim) - Arab Persian Gulf countries vowed they will not cut oil production or hold an emergency meeting, despite a glut in global supplies and plummeting oil prices. Powerful OPEC members Saudi Arabia and Kuwait said on Sunday they would not cut production even if non-OPEC members reduced their output, while Iraq and the United Arab ...

MOSCOW, October 27 (RIA Novosti) - World oil prices are falling amid fears of an oversupply coming from non-OPEC countries, Monday trading results showed. "Oil prices may decline further until we get some comments from OPEC that they will cut production," Bloomberg quoted Newedge Group energy trading manager Ken Hasegawa as saying Monday. The cost ...