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April 19, 2024
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Brent crude oil
NIOC announces Iran's crude oil price for October delivery
Saturday, 24 September 2022 20:58
Tehran (IP)- The National Iranian Oil Company (NIOC) increased the official selling price of all types of crude oil for delivery to Asian customers in October.
Oil price increases after OPEC+ rebuffs US call for more supply
Friday, 05 November 2021 09:14
Oil prices increased more than 1% on Friday, staging a partial improvement after OPEC+ producers refused a US call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic.
OPEC+ agree additional increase of 400,000 bpd per month
Sunday, 18 July 2021 17:33
Tehran (IP) -The Organization of the Petroleum Exporting Countries (OPEC) and its allies reached a compromise on an overall increase of crude oil output by 400,000 bpd per month to December 2022, as well as a baseline change for five countries.
19th OPEC plus meeting kicks off
Sunday, 18 July 2021 16:18
Tehran (IP)- The 19th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began via video conference.
Oil drops as COVID-19 vaccine halt threatens demand
Wednesday, 17 March 2021 02:55
Oil prices fell for a third day on Tuesday, as Germany, France, and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.
Brent crude tops $62 per barrel first time since 24 January 2020
Friday, 12 February 2021 23:00
MOSCOW (IP) - The price of Brent crude rose above $62 per barrel for the first time since 24 January 2020, according to trading data.
Brent crude oil to hit $50/b in 2021
Saturday, 30 January 2021 17:05
Tehran (IP) - The director-general of OPEC Affairs and Relations with International Energy Assemblies of the Ministry of Petroleum, said that the average price of Brent crude oil in 2021 is expected to fluctuate between $48 and $50 per barrel.
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