A dispute over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Aug. 9.
Iran's oil minister said OPEC may need to hold an extraordinary meeting after noticing certain members were trying to adjust output without approval.
Iran said on July 31President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by U.S. sanctions on Iran, after OPEC production rose only modestly in July.
KAPSARC study finds the cartel has the ability (at least in theory) to stabilize the price of oil.
Iran has come under increasing U.S. pressure, with the administration of President Donald Trump pushing countries to cut all imports of Iranian oil from November.
Company confirms it is working on the purchase of a ‘strategic stake’ in the petrochemical maker.
Iran Oil Minister Bijan Zanganeh's letter comes after his Saudi Arabia counterpart, Khalid al-Falih, wrote to OPEC last week saying that individual conformity levels will no longer be reported.
Weatherford is shedding underperforming assets in a bid to halt losses and trim its debt burden and its latest deal could boost investor confidence in the company's CEO.
Trump said he would reintroduce sanctions and Washington later told countries they must stop buying Iran’s oil from Nov. 4 or face financial consequences.
Iran's oil minister on July 7 accused President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure.