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Oil Price

Iranpress: OPEC+ decides to keep oil prices high

OPEC+ decides to keep oil prices high

Friday, 06 May 2022 21:31

IP- OPEC+’s decision to gradually increase oil output based on the previously reached agreements will help keep oil prices high, said experts interviewed by Izvestia. The group’s member states plan to raise oil production by 432,000 barrels per day in June 2022. Experts believe that the move will benefit Russia as it does not impose impossible obligations on the country in terms of production increase.

Iranpress: Americans pay for fuel shortages in Europe as prices skyrocket

Americans pay for fuel shortages in Europe as prices skyrocket

Friday, 06 May 2022 17:24

Americans are paying the high fuel prices as the prices skyrocketed because the United States ships more refined products abroad to supply European markets.

Iranpress: Iran can double oil exports from Khark island: Official

Iran can double oil exports from Khark island: Official

Thursday, 05 May 2022 16:49

Tehran (IP) - The CEO of the National Iranian Oil Company says Iran has the potential to double the crude oil exports from Khark island in the southern part of the country.

Iranpress: Iran, Venezuela mull over neutralizing US sanctions

Iran, Venezuela mull over neutralizing US sanctions

Tuesday, 03 May 2022 17:35

Caracas (IP) - The Venezuelan President and the Iranian Oil Minister met to discuss ways to overcome the impact of US sanctions against both countries.

Iranpress: Iran ready to resume talks on joint gas field with Kuwait

Iran ready to resume talks on joint gas field with Kuwait

Sunday, 01 May 2022 20:55

Tehran (IP) - Iran's ambassador to Kuwait announced Tehran's readiness to resume talks with Kuwait over the Arash (al-Durra) gas field.

Iranpress: Some EU members to veto any collective ban on Russian oil: Borrell

Some EU members to veto any collective ban on Russian oil: Borrell

Friday, 22 April 2022 12:24

The European Union High Representative for Foreign Affairs says some EU members have said they will veto any collective ban on Russian oil.

Iranpress: Putin says Europe still needs Russian gas as Moscow turns east

Putin says Europe still needs Russian gas as Moscow turns east

Thursday, 14 April 2022 21:01

The Russian president has warned that Europe still needs Russian gas, but his country is turning east for energy exports.

Iranpress: Iran

Iran's oil production increases by 600k bpd

Sunday, 10 April 2022 19:37

Iran (IP) - The CEO of the National Iranian South Oil Company (NISOC) reported a 600k-barrel increase in Iran's oil production.

Iranpress: Slovakia to pay for Russian gas in rubles

Slovakia to pay for Russian gas in rubles

Sunday, 03 April 2022 20:56

Slovakia has agreed to pay for Russian natural gas in rubles after Russia impose ruble pricing for gas on buyers from unfriendly countries.

Iranpress: Iran ranks first in world in terms of oil, gas reserves, official says

Iran ranks first in world in terms of oil, gas reserves, official says

Sunday, 03 April 2022 11:16

Tehran (IP) - The CEO of the National Iranian Oil Company says the oil production capacity in the country has reached the level before the sanctions and that Iran ranks first in the world in terms of oil and gas reserves.

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