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May 19, 2024
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Oil Price
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.
Brazil to join OPEC+, Petrobras CEO says
Saturday, 02 December 2023 18:54
The chief executive of state-run oil firm Petrobras said that Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps,.
OPEC+ to reduce oil production by 2.2 mln bpd
Friday, 01 December 2023 09:31
Vienna (IP) : A number of OPEC+ countries will voluntarily reduce oil production in the first quarter of 2024 by 2.2 million bpd, the organization said in a press release.
Brent oil slips toward $80 ahead of OPEC+ meeting
Monday, 27 November 2023 16:07
Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors waited for an OPEC+ meeting later this week for an agreement expected to curb supplies into 2024.
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