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Oil Price

Iranpress: OPEC alone cannot solve problem of oil market: Iran

OPEC alone cannot solve problem of oil market: Iran's Oil Minister

Wednesday, 22 April 2020 15:59

Tehran (IP) - Given the increase in supply and decrease in demand, as well as the uncertainty regarding the time when the Coronavirus will end, the oil market needs global cooperation, and OPEC alone cannot solve the problem of the oil market.

Iranpress: White House advisor warns second-quarter US GDP fall could be biggest ever

White House advisor warns second-quarter US GDP fall could be biggest ever

Wednesday, 22 April 2020 01:16

White House economic adviser Kevin Hassett warned on Tuesday a reduction in second-quarter U.S. gross domestic could be the biggest in the history of the country.

Iranpress: US worst oil day ever

US worst oil day ever

Tuesday, 21 April 2020 17:36

America (IP)- While the global oil market has experienced a declining trend in recent days, on April 20, 2020, the brakes suddenly went off and the price of a barrel of West Texas Intermediate crude to be delivered in May, dropped from $17 a barrel to minus $37. 104

Iranpress: Veep: Iran has managed to be matched to elimination of oil revenues

Veep: Iran has managed to be matched to elimination of oil revenues

Tuesday, 21 April 2020 16:31

Tehran (IP) - Vice President Eshaq Jahangiri has said that the Islamic Republic of Iran, with its management and planning, has been able to adapt to the conditions of removing oil revenues from the country's budget.

Iranpress: Oil falls to the lowest in more than two decades

Oil falls to the lowest in more than two decades

Monday, 20 April 2020 07:21

Oil extended its slide, falling to the lowest in 21-Year as Demand Shrivels, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand.

Iranpress: G20 agrees to reduce oil production by 3.7 mb/d: Iran Oil Minister

G20 agrees to reduce oil production by 3.7 mb/d: Iran Oil Minister

Monday, 13 April 2020 09:36

Tehran (IP) - Iran's Oil Minister Bijan Namdar Zanganeh said on late Sunday that G20 countries agreed to reduce oil production by 3.7 million barrels per day.

Iranpress: OPEC, oil nations reach deal to cut oil production by 9.7 million barrels per day

OPEC, oil nations reach deal to cut oil production by 9.7 million barrels per day

Monday, 13 April 2020 02:52

The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil-producing nations agreed Sunday to cut output by a record amount, representing around 10 percent of global supply to support oil prices amid the coronavirus pandemic.

Iranpress: US senators threaten to reconsider ties with Saudi Arabia

US senators threaten to reconsider ties with Saudi Arabia

Saturday, 11 April 2020 05:46

During a fiery call with the Saudi ambassador in Washington, a group of 13 US senators from oil-producing states expressed their dissatisfaction over the ongoing oil price war that is damaging US producers and threatened to blow the US-Saudi relationship.

Iranpress: OPEC, Russia agreed to cut oil production by 10m barrels a day

OPEC, Russia agreed to cut oil production by 10m barrels a day

Friday, 10 April 2020 02:31

OPEC and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.

Iranpress: Russia ready to cooperate on cutting oil production, Putin says

Russia ready to cooperate on cutting oil production, Putin says

Saturday, 04 April 2020 06:00

Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.

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