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Iraqi Oil Minister

Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Saudi, Russia call for better compliance with OPEC oil cuts

Saudi Arabia and Russia on Thursday called on OPEC members and its allies to better comply with oil production cuts.

OPEC inches towards oil output deal ahead of key meeting

OPEC energy ministers expressed optimism Thursday they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production hike would be “politically unacceptable” to archfoe Iran.

Iran wants OPEC to ask Nigeria, Libya to cut output

OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.

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