Iran says no major change in oil exports despite United States pressure

Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna

Iran's oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not changed as a result of U.S. pressure.

Even before the OPEC and friends meeting, Russian Federation had already started boosting its oil production, and had pumped as much as 11.09 million bpd in the first week of June-143,000 bpd above the country's then-quota under the OPEC+ production cut deal.

Last month, Russian Federation and OPEC's largest producer and de facto leader Saudi Arabia managed to get OPEC and their Moscow-led non-OPEC allies to agree to boost production by unspecified quotas for individual countries part of the pact, to "ease market and consumer anxiety" over the high oil prices.

Bijan Zanganeh condemned the USA president for trying to politicize the decisions of the Organization of the Petroleum Exporting Countries (OPEC).

"Trump sends every day a new message that creates uncertainty in the oil market", Bijan Zanganeh said in an interview with Iranian broadcaster IRIB.

Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged Saudi Arabia to pump more if it wanted Washington to continue protecting it against its top rival Iran.

Zanganeh said Iranian oil production and exports had not changed as a result of US pressure.

The move came as Iran - an OPEC member - faces renewed sanctions over Trump's decision to quit the worldwide nuclear deal with Tehran, which has added to supply concerns on world markets. The top Iranian official emphasized that Tehran will resist United States measures and will safeguard its market share by all means. "Reduce pricing now!" the USA leader tweeted.

Related News:

  • Four-year-old girl with cerebral palsy takes first steps

    Four-year-old girl with cerebral palsy takes first steps

    - Defying doctors' expectations, a four-year-old MI girl with cerebral palsy has taken her first steps ever, all by herself. The illness left her unable to stand on her own for more than a few seconds and required her to use a walker.
    Giuliani says he's not anxious  about Manafort or Cohen flipping

    Giuliani says he's not anxious about Manafort or Cohen flipping

    Trump's personal attorney Rudy Giuliani tells @GStephanopoulos : "Michael Cohen should cooperate with the government". Giuliani downplayed Cohen's statements and said he has no reason to believe Cohen has done anything wrong.

    Matteo Guendouzi to undergo medical TOMORROW

    French publication RMC Sport has reported that the player will sign a deal at Arsenal at the start of this coming week. Should he move to the Emirates, Guendouzi could be joined in the Arsenal midfield by Uruguay worldwide Lucas Torreira.
  • Netflix is Testing a New ‘Ultra’ Subscription Tier

    Netflix is Testing a New ‘Ultra’ Subscription Tier

    That's three euros higher than the highest-price plan now offered. Now on to the "Ultra" high-end streaming plan. It's called the "Netflix Ultra".
    Train derails in Turkey, scores dead and injured

    Train derails in Turkey, scores dead and injured

    Additionally, Turkish General Staff has also sent military helicopters to airlift the wounded passengers. The train derailed in a village in Tekirdag province.

    Tropical storm Chris is third named storm of 2018 Hurricane season

    It has been a mostly stationary storm so far, sustaining maximum wind speeds close to 45 miles per hour , but is expected to remain "well offshore" of the USA coast.
  • Ant-Man and the Wasp Gets Really Big Opening Weekend

    Ant-Man and the Wasp Gets Really Big Opening Weekend

    The 2018 box office as a whole, which just hit $6.5 billion, is up 9 percent from past year , according to ComScore. Internationally, Incredibles 2 debuted in France this weekend with an estimated $10.6 million (including previews).
    Argentina ace Cristian Pavon’s agent dismisses Gunners link

    Argentina ace Cristian Pavon’s agent dismisses Gunners link

    Arsenal are reportedly still to make a move for Cristian Pavon as we round-up the latest transfer rumours on Friday, July 6. Pavon's agent has revealed Arsenal have yet to submit a bid for the Argentina winger, reports the Mirror .
    Man sinks 'thigh deep' in road melted by heatwave

    Man sinks 'thigh deep' in road melted by heatwave

    A man got his foot stuck in a sinkhole during the United Kingdom heatwave this week after the road melted beneath his feet. Firefighters rescued the 24-year-old after his left leg sank "thigh deep" on a back lane in Heaton, Newcastle.
  • England 'absolutely good enough' to win World Cup says Sweden's Janne Andersson

    England 'absolutely good enough' to win World Cup says Sweden's Janne Andersson

    The crowd went wild after the goal, and Fortnite fans online celebrated yet another World Cup nod to the video game. A chant of "On our way, on our way, to Moscow, on our way" came from England fans in one corner of the Samara Arena.

    Canada trade deficit expands as imports rise, exports edge down

    The trade deficit rose to Euro 6.0 billion in May from Euro 5.21 billion in the previous month. In the meantime, import volumes rose 1.2 percent on the month.
    Jordan Dajani: Who's Impressing Early On In The Summer League

    Jordan Dajani: Who's Impressing Early On In The Summer League

    And Thursday it was undrafted rookie out of Georgetown Marcus Derrickson who exploded for 24 points and 11 rebounds. He's averaging 16 points and seven assists so far in the Summer League and has hit some pretty ridiculous shots.


Most liked

Rescue mission under way to free boys inside Thai cave
Initial euphoria over finding the boys alive quickly turned into deep anxiety as rescuers struggled to find a way to get them out. The boys and their coach became stranded when they went exploring in the cave after a practice game June 23.

Sebastian Vettel - Silly to suggest Kimi Raikkonen hit Lewis Hamilton on goal
Dutch 20-year-old Max Verstappen, victor in Austria last weekend, retired with a brake problem while running in fifth place.

Lebanese woman sentenced to eight years for 'insulting' Egypt
In an interview with Al Arabiya English, he said that his daughter loves Egypt, and that this was her second time visiting Cairo. Before being arrested on Tuesday, Al-Mazbouh posted a more apologetic video to her Facebook account.

All ministers have to sell her Brexit plan
He said: "We may be on a journey, it may not be a journey however that Theresa May is capable of taking, given her party". Campaigners Will Dry (left) and Femi Oluwole speak to a police officer during a demonstration at Chequers.

Gal Gadot dresses as Wonder Woman to surprise kids at children's hospital
Dressed completely at Diana Prince herself, Gal was seen beaming as she held tiny babies who are now too ill to be home. That's the case when it comes to Gal Gadot , whose portrayal of Wonder Woman has endeared her to moviegoers of all ages.

Iran summons Dutch ambassador over deportation of its diplomats
The Dutch intelligence agency revealed on Friday that Amsterdam had expelled in June two workers from the Iranian embassy. The expulsions appeared to precede recent moves by other European countries against Iranian citizens.

Chris Froome crashes in dramatic Tour de France first stage
The dramatic pile-up capped another nervous finale to the race, with Mitchelton-Scott's Adam Yates among those to fall in the final 35km.

UFC 226 Results: Daniel Cormier KO’s Heavyweight Stipe Miocic
Lesnar won the fight via unanimous decision, but it was later changed to a no-contest after the positive tests were revealed. Ngannou will have to earn that title shot as he is also on the UFC 226 slate battling knockout artist Derrick Lewis .

Transfer News Barcelona midfielder admits Chinese Super League offer 15 hours ago
Paulinho previously struggled to settle in two seasons spent at Tottenham after making the switch to the Premier League side back in 2013.

Bourdain left bulk of $1.2M estate to his daughter
The court will choose a guardian of the estate to safekeep Ariane's inheritance until she is of age, according to the documents. Since Ariane is a minor, the will listed Ottavia Busia-Bourdain, his estranged wife as the trustee .

3 million-year-old toddler could climb trees, study says
So although the afarensis toddlers could walk, they probably spent more time in trees than on foot, unlike adults. Fossils of these ancient humans showed such a feet structure of the young ones that it seems they scaled trees.

Giuliani: 'No concerns' about Cohen cooperating with investigators
The biggest question hanging over the investigation right now is whether or not Trump will sit down with Mueller for an interview. Giuliani echoed this sentiment on ABC's "This Week" with George Stephanopoulos on Sunday.

Carmelo Anthony Leaving OKC Thunder: Will He Join LeBron James In LA?
The Towson Catholic graduate's relationship with the team has soured in the year since he was traded to Oklahoma City. Melo struggled to adapt to a new role as a power forward last season and as a lesser cog in his team's offense.

United States adds 213000 jobs in June, unemployment rate jumps to 4%
The department's data shows 601,000 new people chose to actively look for a job in June, after not seeking a job previously . The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population.

Coming Monday Night: Trump's Supreme Court Show
Republican Senator Lindsey Graham looks at President Trump's possible candidates to replace retiring Justice Anthony Kennedy . The US President, according to the White House, has interviewed seven candidates from his master list of 25 judges.