The OPEC data obtained from sources shows Iran’s crude production rose by 6.3% in March.

Demand is rising for Iranian crude oil, with an OPEC report showing a higher output already by Iran which is closely watched by customers as the country is discussing the removal of unilateral US sanctions.

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

ReconAfrica is a Canadian oil and gas company engaged in the development and exploration of oil and gas in the Northeast of Namibia, and Northwest of Botswana, commonly known as the ‘Kavango Basin’

Iran’s Oil Minister Zanganeh has travelled to Moscow to meet Russia’s new energy minister.

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

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

The IMF says lower oil prices amid the coronavirus pandemic will cause the sharpest economic contractions this year among the major oil producers in the Middle East and Central Asia.

Oil prices fell on Thursday as a resurgence in COVID-19 infections across the globe underpinned concerns over a recovery in fuel demand.

A new OPEC bulletin shows Iran is now second largest in the bloc in terms of refining capacity.