OPEC | Egypt Oil & Gas - Part 42
Iran Accuses OPEC Members of Dumping Oil Prices
Iran's Oil Minister, Bijan Zanganeh, accused the regional neighbors and OPEC friends of trying to take away its customers by offering cheaper oil.
OPEC Meeting Ends Without Output Freeze Deal
OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling during Vienna's meeting.
Iran Calls For OPEC Quota System
Iranian Minister of Petroleum, Bijan Zangeneh, said that Iran wants a quota system of production to be reinstated in the Organization of Petroleum Exporting Countries (OPEC).
GCC Members Seek to Revive Oil Output Deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said. Non-Opec Producers Cutting Back Oil Output
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
Iran Rejects Again ‘Self-Sanctioning’ Oil Freeze Plan
Iran rejects again the call to freeze its oil output and emphasized that it will go ahead with its plans to increase its oil production to as high as 4m b/pd.
Nigeria Faces Problems over Oil Freeze Failure
The failure of the deal to freeze oil production, which could have hastened a recovery in oil prices, puts Nigeria and other cash-strapped oil producers in more trouble. Oil Output Freeze Deal Falls Apart
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
