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May 26, 2025
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Oil Price
Oil Prices Climb After Trump Threatens Secondary Sanctions on Iran Buyers
Friday, 02 May 2025 13:09
Global oil markets surged on Thursday following threats from U.S. President Donald Trump to impose secondary sanctions on any country purchasing crude or petrochemical products from Iran.
Trump Calls Saudi Arabia to Invest $1 Trillion in U.S.
Friday, 24 January 2025 12:45
Tehran (IP) - Donald Trump, the President of the United States, criticized the previous administration and claimed that Saudi Arabia is set to invest $1 trillion in the country while urging OPEC and Riyadh to lower oil prices.
Iran's Oil Sector Maintains Positive Growth in First Quarter
Tuesday, 02 July 2024 21:09
TEHRAN (IP) — According to reports presented at a meeting of the Economic Coordination Headquarters, presided over by Acting President Mohammad Mokhber, Iran's oil sector has continued to experience growth in the first three months of the current Iranian calendar year, which began on March 21.
Politicized issues obstacle to gas, oil price fixed
Wednesday, 13 March 2024 14:48
Tehran (IP) - The Iranian Oil Minister said that politicisation prevent the price of gas and oil from becoming stable in the world.
Oil prices fall on China demand worries
Monday, 11 March 2024 15:52
Oil prices extended last week's losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding Western Asia and Russia limited the decline.
Iran's Owji, OPEC Secretary General discuss oil market
Saturday, 02 March 2024 18:17
Algiers (IP): Iran’s Oil Minister Javad Owji and OPEC Secretary General Haitham Al Ghais exchanged views on developments in the global oil market in Algiers, the capital of Algeria, on Saturday.
Oil price rises due to rising tensions in West Asia
Tuesday, 30 January 2024 17:56
IP - Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing regions of the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains.
Oil prices rises more than 2% after US, UK attacks on Yemen
Friday, 12 January 2024 09:10
IP - Oil prices rose more than 2% as the US and UK carried out strikes against 12 places in Yemen on Friday morning.
Oil slides as Saudi price cuts and incresing OPEC output
Monday, 08 January 2024 19:34
IP - Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East.
Iran’s Assaluyeh Dock No. 17, first homegrown cryogenic loading arm operational
Tuesday, 02 January 2024 17:34
Tehran (IP) – Dock No. 17 of Assaluyeh Port in Iran’s southern province of Bushehr and the first domestically-built cryogenic loading arm were put into operation in the presence of the National Petrochemical Company (NPC) managing director.
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