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Oil Price

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.

Iranpress: Ghana plans to buy oil with gold instead of US dollars

Ghana plans to buy oil with gold instead of US dollars

Friday, 25 November 2022 05:54

Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President said on Thursday.

Iranpress: Iran sets new record in oil, petchem export: Minister

Iran sets new record in oil, petchem export: Minister

Tuesday, 22 November 2022 18:51

Tehran (IP) - The Iranian Minister of Petroleum announced smashing the record of Iran's export of crude oil, gas condensate, and petrochemicals in the month of Aban in the Persian calendar (October 23-November 21) since at least 2018.

Iranpress: National Iranian Gas Company at forefront of economic war: CEO

National Iranian Gas Company at forefront of economic war: CEO

Sunday, 20 November 2022 18:46

Tehran (IP) - The deputy minister of petroleum for gas affairs emphasized the all-around preparation of the country's refineries for stable gas production in the cold season, announcing that the oil industry and National Iranian Gas Company (NIGC) are at the forefront of the economic war.

Iranpress: Iran Crude price up for Asian Market

Iran Crude price up for Asian Market

Monday, 14 November 2022 17:39

Tehran (IP) - The National Iranian Oil Company (NIOC) raised the official crude oil selling price for Asian customers in December.

Iranpress: Iran has no problems with oil sales, transferring money: Veep

Iran has no problems with oil sales, transferring money: Veep

Sunday, 06 November 2022 12:40

Hormozgan (IP) - Iran's first vice president says the country is selling oil well, and money transfers are done without problems and current expenses of the country are provided without borrowing and methods that lead to inflation.

Iranpress: Tehran ready to cooperate with Gas Exporting Countries Forum: Owji

Tehran ready to cooperate with Gas Exporting Countries Forum: Owji

Tuesday, 25 October 2022 18:34

Cairo (IP) - Iranian Minister of Petroleum voiced Iran’s readiness to cooperate with all the members of the Gas Exporting Countries Forum (GECF) in all areas of development of the gas industry, including joint investments, natural gas swaps, cooperation in the framework of gas contracts, development and export of technical and engineering services, knowledge transfer and development of expert human resources.

Iranpress: Sanctions on gas suppliers could have devastating results: Owji

Sanctions on gas suppliers could have devastating results: Owji

Tuesday, 25 October 2022 16:00

Cairo (IP) - Iranian Minister of Petroleum told the 24th Ministerial Meeting of Gas Exporting Countries Forum (GECF) in Cairo, Egypt, that imposition of sanctions on producers of oil and gas could bring about irreparable damage to the global economy.

Iranpress: OPEC+ actual oil production fall to be lower than quota cuts

OPEC+ actual oil production fall to be lower than quota cuts

Tuesday, 11 October 2022 12:46

IP- The decision by the Organization of Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, to cut oil production by two million barrels per day (bpd) starting in November will have a muted impact on the global oil market since the actual output cuts will be smaller, Fitch Ratings said Monday.

Iranpress: Lack of fuel in France makes people wait in long lines at gas stations

Lack of fuel in France makes people wait in long lines at gas stations

Sunday, 09 October 2022 10:28

On Saturday, long queues formed at service stations in and around Paris, the capital of France. Roughly one in five petrol stations in the country is not being supplied as strikes at four Total Energies refineries continue for the 10th day. Strike action and unplanned maintenance have taken over 60 percent of France's refining capacity offline. 214

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