overproduction

  • Saudi, Iraq Confirm Commitment to OPEC+ agreement

    Saudi, Iraq Confirm Commitment to OPEC+ agreement

    Tuesday, 14th July 2020

    Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.

  • Tehran Open to Talks with OPEC about Global Oil Market

    Tehran Open to Talks with OPEC about Global Oil Market

    Wednesday, 10th February 2016
    Iran’s Oil Minister, Bijan Zangeneh, said that Tehran was ready to hold talks with Riyadh to discuss the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC member states, including Saudi Arabia.”