CUTS

Latest Headlines

More Stories

RUSSIA

Russia not to supply oil to world market if price cap imposed

Russia's Deputy Prime Minister Alexander Novak says Moscow will not export oil to the world market if a price cap is imposed below the cost of production.

Germany

BUSINESS

Oil rises 1% to hit $60 a barrel, highest in a year

Oil prices finally hit the $60-a-barrel mark, the highest seen in a year in the international markets.

chevron gas

ENERGY

‘Narrowing of OPEC+ cuts insignificant to global supply’

Iran’s Oil Minister Zanganeh says slight increase in OPEC+ supply will not change global price equations.

bijan zanganeh

BUSINESS

OPEC+ agrees on oil output rise by 0.5 mln bpd from January

A bloc of oil producing nations agree to slightly slash 7.7 million bpd in cuts to global supply from January.

oil production

ENERGY

OPEC right to be cautious about fragile market: Iran

Iran’s Oil Minister Zanganeh endorses OPEC’s cautious view about future of oil markets amid pandemic.

bijan zanganeh

POLITICS

Health of US citizens threatened by Trump’s militarism

The US could prevent catastrophes like coronavirus by strengthening the health sector and allocating a significant part of the large military budget to it.

US

ENERGY

Friday meeting among OPEC's 'worst ever': Iran's Zangeneh

Iran’s oil minister says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.

Iran oil minister opec Zanganeh