Oil prices retreat on rising U.S. and Russian supplies
Reuters– Oil prices fell on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three…
Tag Archives: oil price decline
Iran gaining economic growth despite oil price decline
TEHRAN, Oct 18 (Shana) – Government spokesman Mohammad-Baqer Nobakht says many countries admit Iran has been the only country gaining economic growth…
Min.: Iran least affected by oil price fall
TEHRAN, Aug 29 (Shana) – Minister of Economy and Finance Ali Tayebnia says Iran was affected the least from oil price decline.…
Facing oil slump, Iran moves to tax its way out of crisis
TEHRAN, Iran — Amid warnings by some experts of the possibility of a further slump in oil prices in 2016, crude oil…
Zangeneh: No emergency OPEC meeting without consensus
TEHRAN, Jan. 13 (Shana) – A consensus is required to hold the emergency meeting of the OPEC member states, otherwise there would…
OPEC oil barrel price drops to $27.07, lowest level since October 2003
The Organization of the Petroleum Exporting Countries’ (OPEC) Reference Basket of petroleum blends fell in value by 4.88 percent on Monday, reaching…
Gas export to Europe to become economical with lower oil price
TEHRAN, Jan. 09 (Shana) – In case the declining trend in oil prices continues, gas exports to Europe will become economical, said…
Declining oil price is a golden opportunity: Vice speaker
TEHRAN, Jan. 6 (Shana) – Majlis Vice-Speaker Mohammad-Hassan Abutorabifard said on Wednesday that the current downward trend in the price of crude…
Cheap oil obstacle to goods-for-oil deal between Russia, Iran
Moscow and Tehran signed a five-year memorandum of understanding in August 2014 aimed at boosting economic cooperation. The agreement envisions Russia constructing…
Iran drops oil price to grab market share
Latest trading data figures show Iran has lowered the quarterly price for its flagship crude to the lowest in three years in…
Minister: Iran not after oil price war
Iran will not pursue a market-share battle for the sale of its crude oil once US-led sanctions on the country are lifted,…
Iranian oil price gains four dollars
Tehran, May 3, IRNA – The price of Iranian oil during the week leading to April 24, increased more than four dollars,…
Iran, Secret gold and the mystery trade boosting Turkish exports
Turkey’s trade balance, one of the few points for solace in this year’s worst performing bond market, might not be improving as…
Iran says falling crude prices made its projects “heaven for investors”
Falling oil prices may have already increased the costs for production in many countries. However, Iran says its oil industry has today…
Iran says oil companies presenting proposals to invest in oil projects
Only two days after Iran and the P5+1 group of countries announced in the Swiss city of Lausanne that they had found…
Crude sees mixed trade on bets Iran deal may add to oil glut
Crude oil futures finished lower on 2 April, but witnessed mixed trade for the week, as traders bet that a preliminary deal…
Oil tumbles anew as press event called at Iran nuclear talks
(Reuters) – Oil prices fell as much as 4 percent on Thursday after global powers negotiating a nuclear deal with Iran called…
Senior MP plays down effectiveness of oil price fall on Iran’s economy
TEHRAN (FNA)- Head of the Iranian Parliament’s Energy Commission Ali Marvi said that Iran’s economic officials are experienced enough to find new…
More Iran oil post-sanctions, aimed at Asia, may hurt Iraq
(Reuters) – A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East…
Oil down as Iran races for Tuesday deadline on nuclear deal
NEW YORK, March 30 (Reuters) – Oil settled down for a second straight session on Monday as Iran and six world powers…
Iran talks keep crude-oil futures under pressure in Asia
HONG KONG — Talks over a possible relaxation of sanctions against Iran that may increase global oil supplies kept crude-oil futures near…
Oil prices fall as Iran, world powers seek nuclear deal
(Reuters) – Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach…
Iran crude price down by more than 3 dollars
Tehran, March 29, IRNA – Iran sold light and heavy crude oil at $49.99 and $47.49 per barrel in the week to…
A nuclear deal with Iran could increase global oil glut
It’s not just Benjamin Netanyahu and other world leaders who are scrutinizing the Iran negotiations. Oil traders are, too. That’s because there’s…
OPEC, non-OPEC oil talks on ice, Iran return unlikely to change that
LONDON, March 18 (Reuters) – OPEC efforts to bring non-member countries such as Russia on aboard in cutting output have made little progress,…
Oil Minister: Iran will retain OPEC quota very soon
Tehran, March 18, IRNA – Oil Minister Bijan Namdar Zanganeh said on Wednesday that Iran will retain its OPEC quota very soon…
Oil touches six-year low as Iran talks weigh
Fears of a supply glut popped a rebound in the price of oil on Tuesday, with comments from Iran about higher production…
Iran nuclear deal may open oil taps in months, not weeks
(Reuters) – A possible deal over Iran’s nuclear program that would phase out economic sanctions against Tehran is unlikely to flood world…
Zangeneh: Energy cooperation with China ‘strategic’
Tehran, March 17, IRNA — Iran’s Minister of Petroleum Bijan Namdar Zangeneh has described energy cooperation with China “a strategic decision,” reiterating…
Oil prices drop on hopes of Iran nuclear deal, low spare storage capacity
(Reuters) – Oil prices fell on Monday as spare oil storage capacity runs low and a potential agreement in nuclear talks with…
From oil to nuclear energy: a Lausanne accord between Iran and the P5+1
U.S. Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif will meet again on March 15 in Lausanne for the final…
How much does India really need Iran?
India has ceded to U.S. demands to reduce oil ties with Iran until an agreement is reached. Can they afford to do…
Petchem sector to compensate oil price fall
TEHRAN March 11(Shana)–The head of Iran’s National Petrochemical Company (NPC) has said that petrochemical products can compensate for losses from oil price…
New year’s tax plan in Iran
One of the main features of Iran’next year’s budget, which goes into effect in less than 2 weeks, is a significant reduction in…
Next curveball for oil: An Iran nuclear deal
Talk is growing of a nuclear deal that could see a lifting of sanctions against Iran, a move that could turn the…
Oil up as Netanyahu blasts Iran, Libya forces strike terminals
(Reuters) – Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal…
Cutting dependency on oil top priority
TEHRAN Feb 24(Shana)–Head of Tehran Chamber Of Commerce Yahya Ale-es’haq says weaning the economy off oil revenues based on the views of…
Oil refineries back to bourse
TEHRAN Feb 24(Shana)–A number of oil refineries will resume their presence on Tehran Stock Exchange in near future. The decision has been…
Iran won’t bow to oil scenario
TEHRAN Feb 22(Shana)–An Iranian lawmaker has said that Iran will not buckle under pressure from a group of Arab countries in their…
Drop in oil prices political plot: Iran’s first VP
Iran’s First Vice President Es’haq Jahangiri says Tehran regards the recent reductions in oil prices as a “political plot” against independent nations,…