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Iran

Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

Oil prices edge up as U.S. supply tightens

04/07/2018(0)
Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the ... Read More
Donal Trump

US Court upholds injunction blocking Trump’s travel ban

26/05/2017(0)
The US Court of Appeals for the Fourth Circuit on Thursday upheld an injunction against President Donald Trump’s travel ban that targets six Muslim-majority countries. The ban, announced in ... Read More
Saudis

Saudi Arabia is losing oil market share to Iraq and Iran

27/04/2017(0)
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil recovers lost ground, but market remains under pressure

24/04/2017(0)
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil prices jump 2% after US launches missile strike in Syria

07/04/2017(0)
Oil prices surged more than 2 percent on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he ... Read More
SAGE gas pipeline map

Construction of Iran-Oman-India Gas Pipeline is about to happen

22/02/2017(0)
An official with New Delhi-based South Asia Gas Enterprise Pvt Ltd (SAGE) said that the implementation of a plan to build an undersea gas pipeline to export Iran’s gas ... Read More
U.S. dollar notes are seen in this picture illustration

Iran prepares to stop using the dollar as anger builds over Trump ban

01/02/2017(0)
Iran says it is preparing to stop using the dollar in its official statements – a move that had been in the offing but appears to have been expedited ... Read More
Brent Crude Oil

Oil prices edge up ahead of OPEC meeting

30/11/2016(0)
It’s all getting very nervy ahead of the Organisation of the Petroleum Exporting Countries‘ (Opec) meeting later today. Members of the producer cartel will be trying to get the ... Read More
oil

Oil may rise to $55 if all producers cooperate – Iran

21/11/2016(0)
Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached ... Read More
The OPEC flag and the OPEC logo are seen before a news conference in Vienn

Oil prices climb on expectation of OPEC-led output cut

21/11/2016(0)
Oil prices rose by more than 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein in oversupply that has put pressure on ... Read More
Broker Cyprus TopFX