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May 04, 2024
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Oil Price
Iran indigenizes more than 75% of equipment needed in its oil industry: Minister
Tuesday, 09 May 2023 18:45
Tehran (IP)- More than 75 percent of equipment needed by the country’s oil industry is supplied by domestic manufacturers, said Iran's Petroleum Minister Javad Owji.
One-third of country's non-oil exports done via free, special economic zones
Monday, 08 May 2023 15:46
Tehran(IP)- The Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones emphasized that last year, free and special economic zones accounted for one-third of the country's total non-oil exports.
Deputy PM: Russia sticking to its oil output cuts
Sunday, 07 May 2023 17:57
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year.
Iran’s oil output rises in 20 months, tops 3 mbd
Tuesday, 02 May 2023 19:11
Tehran(IP)- Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
OPEC+ states to further cut oil production
Monday, 01 May 2023 22:18
Several members of the OPEC+ group, including Saudi Arabia and Russia, the cartel’s two biggest oil producers, have begun reducing crude output.
Government spokesman emphasizes approval of establishing Trade Org.
Tuesday, 18 April 2023 16:00
Tehran(IP)- Iran's Government Spokesman emphasized that the government officially agrees with the parliament's proposal to establish the ministry or trade organization.
Saudi Arabia raises crude prices for Asia for third month
Sunday, 09 April 2023 18:03
IP- Saudi Arabia, the world's top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
OPEC +, showing power with energy card
Wednesday, 05 April 2023 13:14
Tehran (IP) - OPEC+ members decided to reduce their crude oil supply by another 1.6 million barrels per day from May 2023 until the end of this year.
Ministerial meeting of monitoring committee of oil countries takes place
Monday, 03 April 2023 17:23
IP- The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 3 April 2023.
Major oil exporting countries slash oil production
Monday, 03 April 2023 00:26
Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move that analysts said would cause an immediate rise in prices.
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