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Oil Price

Iranpress: Major oil exporting countries slash oil production

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.

Iranpress: Crude oil prices surge in world markets to new record since October

Crude oil prices surge in world markets to new record since October

Saturday, 11 February 2023 02:05

Crude oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions.

Iranpress: South Africa declares state of disaster over energy crisis

South Africa declares state of disaster over energy crisis

Friday, 10 February 2023 02:02

South African President on Thursday declared a national state of disaster over his country's crippling power shortages, saying they posed an existential threat to the economy and social fabric.

Iranpress: Pakistan government lifts petrol, diesel prices

Pakistan government lifts petrol, diesel prices

Sunday, 29 January 2023 23:46

Cash-strapped Pakistan’s government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.

Iranpress: Iran oil sales, steady, growing: Spokesman

Iran oil sales, steady, growing: Spokesman

Tuesday, 03 January 2023 17:14

Tehran (IP)- The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: "Last month, we saw record exports since the beginning of the new round of sanctions, i.e. since 2018.”

Iranpress: Saudi Aramco issued a dire warning over

Saudi Aramco issued a dire warning over 'extremely low' capacity

Tuesday, 20 December 2022 08:14

Saudi Aramco — the world’s largest oil producer — issued a dire warning over 'extremely low' capacity.

Iranpress: Oil prices climb after OPEC+ keeps output unchanged

Oil prices climb after OPEC+ keeps output unchanged

Monday, 05 December 2022 08:50

Oil prices rose as much as 2 percent on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.

Iranpress: OPEC+ sticks to 2mbd output cut

OPEC+ sticks to 2mbd output cut

Sunday, 04 December 2022 18:25

Tehran (IP) - The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.

Iranpress: 185th OPEC meeting held online

185th OPEC meeting held online

Sunday, 04 December 2022 10:22

The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.

Iranpress: Western allies agree on price cap for Russian oil

Western allies agree on price cap for Russian oil

Saturday, 03 December 2022 16:58

Tehran (IP)- On December 2nd the G7, European Union and Australia agreed to impose a $60-a-barrel cap on shipments of Russian oil.

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