Iran's oil minister said imposing unilateral sanctions on crude producers would destabilise energy markets, the ministry's ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

The bloc will be key in “filling an Iranian-shaped hole in global oil supply” by sticking to a plan to begin unwinding 2.2m ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

and sources at OPEC and oil firms. Nigeria, which has been lagging behind its quota in the OPEC+ deal, increased its oil production by 110,000 bpd in the absence of major disruptions to exports ...

Mr Paknejad said that Tehran had prepared strategies for any situation regarding US sanctions. Read more at straitstimes.com.

Similar policies during Trump's first term led to a sharp drop in Iranian oil exports to as little as 200,000 bpd in some months of 2020. In 2018, OPEC and allies agreed to boost supply after ...

DUBAI (Reuters) -Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions, after U.S. President Donald Trump said he would seek to drive Tehran's oil exports ...