Iraqi Trade Minister Mohammad Hashim al-Ani in a Wednesday meeting with Iran’s Ambassador to Baghdad Iraj Masjedi expressed hope that Tehran and Baghdad would boost their trade and economic relations, reaffirming the Iraqi government’s commitment to develop trade with Iran.
News ID: 2818 Publish Date : 2018/12/06
Iran’s envoy to the Organization of the Petroleum Exporting Countries (OPEC) warned that global oil prices would slump to $40 a barrel without a significant cut in the output of OPEC and its allies.
News ID: 2812 Publish Date : 2018/12/05
The value of Iran’s exports of petrochemical products in the first 8 months of the current Iranian year (March 21 – November 21) increased by 32 percent compared to the same period last year, data released by Iran’s Customs Office showed.
News ID: 2809 Publish Date : 2018/12/05
Iranian Foreign Minister Mohamamd Javad Zarif rejected Reuters' claim that the European countries may exclude his country's crude revenues from the Special Purpose Vehicle (SPV) mechanism which was promised by them to Tehran back in September.
News ID: 2804 Publish Date : 2018/12/04
Iranian President Hassan Rouhani reiterated that Washington will not be able to block the country's exports of crude by pressures and sanctions.
News ID: 2803 Publish Date : 2018/12/04
A senior official at Iran Insurers Syndicate said all parties involved in the liability insurance of the Iranian oil tanker “Sanchi” that sank in the East China Sea in January have made their compensation payments.
News ID: 2797 Publish Date : 2018/12/03
Despite waivers the US government granted to eight countries after imposing sanctions on Iran’s oil exports, the country’s crude sales will fluctuate between 1.1and 1.3 million barrels per day for the rest of the year, president of SVB Energy International in Washington, DC said.
News ID: 2796 Publish Date : 2018/12/03
Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.
News ID: 2795 Publish Date : 2018/12/03
Qatar is to leave OPEC next month in order for the Persian Gulf state to focus on gas production, the country’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.
News ID: 2794 Publish Date : 2018/12/03
Andres Manuel Lopez Obrador became Mexico's president today in a shift to the left for Latin America's second-largest economy, pledging to end corruption, restore security and rescue the energy sector from what he called a failed reform.
News ID: 2792 Publish Date : 2018/12/02
US president Donald Trump is calling a temporary truce in his trade war with China following talks with Chinese president Xi Jinping on the sidelines of the G20 summit in Buenos Aires, Argentina.
News ID: 2791 Publish Date : 2018/12/02
Italian major Eni is in talks to expand its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Persian Gulf and offset its reliance on Africa, a source close to the matter said.
News ID: 2787 Publish Date : 2018/12/02
OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but Russian oil producers are ready to adjust their production accordingly, energy minister Alexander Novak said.
News ID: 2786 Publish Date : 2018/12/02
OPEC oil supply has fallen in November from a two-year high due to US sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the UAE in response to calls from US President Donald Trump.
News ID: 2785 Publish Date : 2018/12/02
Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of US sanctions on Tehran that took effect in early November, government and ship-tracking data showed.
News ID: 2763 Publish Date : 2018/12/01
Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers.
News ID: 2762 Publish Date : 2018/12/01
Japan’s oil refiners will continue to ask the Japanese government to seek an early extension of the US waiver to import oil from Iran, the head of the Petroleum Association of Japan (PAJ), Takashi Tsukioka, said.
News ID: 2756 Publish Date : 2018/11/30
Iraq has finalized its 2019 crude oil term contracts, with 67% of its exports poised to go to Asia, an oil ministry spokesman said Tuesday.
News ID: 2752 Publish Date : 2018/11/30
Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
News ID: 2743 Publish Date : 2018/11/28
South Korea's gasoline demand dropped 16% year on year in October, the sharpest decline in 20 years since October 1998 when the country was hit by the Asian financial crisis.
News ID: 2742 Publish Date : 2018/11/28
