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HomeOil freeze output

Oil freeze output

Will Iran accept OPEC's offer and cut its oil production?
Iran Latest News

Iran and Russia to keep oil market stabilizing efforts and output cutting

March 28, 2017 Ahmed Rashed

Presidents of Russia and Iran addressed the importance of oil output deal with OPEC in stabilizing the market, pledged to continue these efforts and mentioned the importance of new economic ties in oil and gas between the two [ More … ]

Saudi Arabia News

What does Mohamed bin Salman want from OPEC?

November 28, 2016 MEO Staff

In a surprise move, Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene, adding that keeping output at [ More … ]

Iran hopes Russia, Saudi can agree on oil market moves
Iran Latest News

Iran hopes Russia, Saudi can agree on oil market stabilise moves

October 23, 2016 Ahmed Rashed

Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, as both countries’ ministers met on Sunday. “I hope the two sides can reach an [ More … ]

OPEC Agrees To Limit Oil Output, prices expected to rise
Iran Latest News

OPEC Agrees To Limit Oil Output, prices expected to rise

September 29, 2016 Ahmed Rashed

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC [ More … ]

Saudi Arabia News

Saudi Arabia’s oil exports record high levels

September 20, 2016 MEO Staff

The world’s largest oil exporter, Saudi Arabia, records high levels of crude, its oil exports rose in July to 7.622 million barrels per day from 7.456 million bpd in June, keeping the global market well [ More … ]

No Picture
Iran Latest News

OPEC Oil ministers meet in Vienna, Iran rejects oil output cap

June 2, 2016 Ahmed Rashed

OPEC oil producing group is meeting in Vienna on Thursday but mounting tensions between the 13 members of the producer group – and the differing economic needs of each country – are expected to stymy [ More … ]

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