#OPEC

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Iranian oil minister says global oil cuts deal likely to be extended

28/03/2017 15:16

Iranian Oil Minister Bijan Zanganeh told reporters on Tuesday that a global oil cuts deal is likely to be extended, but that time is needed to discuss the subject thoroughly first.

Oil hits three-month lows as inventories continue to rise

14/03/2017 21:01

Oil prices fell to three-month lows on Tuesday after OPEC reported that crude inventories in developed countries had risen above the five-year average in January despite production cuts by some of the world's largest exporters.

OPEC agrees modest oil output curbs in first deal since 2008

29/09/2016 14:30

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.