Iranian oil minister Bijan Namdar Zanganeh said that OPEC has no plans for an emergency meeting to discuss side aspect of Coronavirus.
Iranian Labour News Agency
Iranian oil minister Bijan Namdar Zanganeh said that OPEC has no plans for an emergency meeting to discuss side aspect of Coronavirus.
Iran’s Petroleum Minister Bijan Zangeneh rejected on Monday talks with the US under the sanctions as the OPEC is meeting to discuss oil production cut extension.
OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait’s Oil Minister Essam al-Marzouq told Kuwait TV.
The First Meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) concluded in Vienna after it issued a statement on Sunday.
OPEC and non-OPEC member states convened ministerial meeting in Vienna on Saturday behind closed doors for arrangements on output cuts.
Crude prices have soared after the Organization of the Petroleum Exporting Countries agreed to cut crude output.
Oil prices fell on Tuesday on market jitters over whether producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices.
As the members of the Organization of the Petroleum Exporting Countries (OPEC) prepare for a meeting in Vienna on November 30, a positive atmosphere prevails, former Iranian representative to OPEC Mohammad Ali Khatibi said.
Iranian President Hassan Rouhani in a telephone conversation with Venezuelan President Nicolás Maduro on Monday evening, congratulated him for the successful holding of the NAM Summit on Sep. 17 and 18, and expressed hope that during the presidency of Venezuela, NAM would see further activity and cooperation among member states in international and regional issues.
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.