June 2015
Iran Calls for Restoration of Oil Export Quota System in OPEC
Iran's representative at OPEC has called for the reinstatement of an oil export quota system to stabilize prices and increase production. This request comes as…
What Caused the Increase in Iran's Oil Exports?
Iran's oil exports have risen to 1.4 million barrels per day, the highest since the imposition of Western sanctions in 2012. This increase is significant…
Saudi Arabia and Iraq Have Exceeded OPEC's Production Ceiling
OPEC member countries, particularly Iraq and Saudi Arabia, have significantly exceeded the production ceiling set by OPEC, with Iraq producing nearly 3.8 million barrels and…
OPEC Production Ceiling Remains at 30 Million Barrels Per Day
OPEC has decided to maintain its production ceiling at 30 million barrels per day for another six months, despite Iran's request to adjust quotas to…
Reports from News Agencies: OPEC Production Ceiling Remains Unchanged
OPEC is expected to maintain its current production ceiling of 30 million barrels per day despite market oversupply and declining oil prices. Iran's oil minister…
Zangeneh's Letter to OPEC Regarding Oil Production Increase After Sanctions Lifted
Iran's Oil Minister Bijan Zangeneh has informed OPEC that Iran plans to quickly ramp up oil production to pre-sanction levels following the lifting of Western…
Consensus on Maintaining Production Ceiling Announced Ahead of OPEC Meeting
Ahead of the 167th OPEC meeting, members have reached a consensus to maintain the current production ceiling despite some improvements in global oil demand and…