Irans Oil Minister Bijan Namdar Zanganeh says rising international oil prices wont benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
You know that higher oil prices will make everyone happy in the short-term but in the long-run it wont be gratifying, said Zanganeh on Sunday following a virtual ...
Oil Price | BySimon Watkins - Given the gaps available to Iran in the current U.S. sanctions environment to continue to export its oil principally via rebranding as Iraq oil and various shipping scams Tehran is making a move to dramatically improve the recovery rate on its key oil sites. Last week, the Islamic Republics Petroleum Minister, Bijan ...
IRNA Oil Minister Bijan Zangeneh said on Wednesday that instability leads to oil price rise, however, increase in oil price will benefit Iran.
Zangeneh made the remarks speaking to reporters after the cabinet session in Tehran this morning.
About the Islamic Revolution Guards Corps (IRGC) reciprocal operation to US airbase of Ain al-Assad in ...
The Wall Street Journal - Brent crude oil is up 1.2% at $69.09 a barrel and WTI futures are up 0.9% at $63.29 a barrel, with oil reversing its losses late last night after Iran said it had fired missiles at a base in Iraq where U.S. troops are stationed.
That latest flashpoint in a week of heightened tensions is behind Wednesdays rally, DNB Markets ...
RT - The escalating situation in the region following the assassination of a top Iranian military commander has given the yellow metal its highest rates in seven years, and raised oil to prices last seen in mid-2019.
Gold, which is considered a safe haven investment amid political and economic turmoil, gained around 1.5 percent on Monday. At one ...
The Wall Street Journal - Brent crude oil is up 0.8% at $66.52 a barrel and WTI futures are up 0.6% at $51.43 a barrel after Brent closed out its strongest year since 2016.
DNB Markets Helge Martinsen cites Thursdays gains as coming after a rise in geopolitical tension in the Middle East over the holiday period, with U.S. airstrikes prompting angry ...
MNA Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East.
Brent crude futures were down by 37 cents, or 0.6%, at $63.09 a barrel by 0717 GMT. Prices rose 1.6% last week,...
FNA - A senior member of the Iranian parliament's National Security and Foreign Policy Commission in a tacit warning to Europe said western consumers would have to buy each barrel of crude for US200 dollars if European states continue to defy their obligations under the nuclear deal.
"If the Europeans do not act upon their undertakings, we will ...
MNA In a report on the effects of the tensions in the Persian Gulf on the world oil market, OIL PRICE mentioned that Persian Gulf conflict could send oil beyond $325.
Tensions between Iran and the United States reached a record high after a US spy drone violated Irans airspace last month and ignored Irans warnings before being targeted by IRGCs ...
Reuters - Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown.
Brent crude futures, the international benchmark ...
Reuters - Asian shares slipped on Monday, weighed down by underperforming Chinese stocks, while oil prices rallied on news the United States is likely to ask all importers of Iranian oil to end their purchases or face sanctions.
Brent and U.S. crude futures surged to nearly six-month highs on news reports that U.S. Secretary of State Mike Pompeo ...
MNA According to OPECs latest monthly report, Iranian heavy oil price increased $5.10 per barrel in February, 2019, reaching $61.29.
According to the same report, Iran could sell a barrel of crude oil at $56.29 in March, 2019.
The prices witnessed a monthly increase of 9 percent in February.
The countrys average heavy crude price was also ...
Reuters - Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
Market fears over trade talks between the United States and China had helped push oil prices ...
Reuters - Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
Brent crude settled up 3 cents at $66.79 a barrel, strengthening late in the session after earlier hitting a low of $65.27 a barrel. U....
Reuters - What a difference a month can make. The crude oil market has gone from worrying about not having enough supply to fretting that prices are being overwhelmed by a glut.
The main news from Sundays meeting of producers in Abu Dhabi is that Saudi Arabia is planning to cut the amount it supplies in December by 500,000 barrels per day (bpd) ...
Reuters - Oil prices edged lower on Monday as Russia signaled output will remain high, but losses were limited ahead of U.S. sanctions on Iranian exports that are expected to reduce supplies when they come into effect in just under a week.
Brent crude LCOc1 futures fell 21 cents to $77.41 a barrel by 12:56 p.m. EDT (1656 GMT). U.S. West Texas Intermediate ...
Reuters - Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.
Brent crude LCOc1 futures rose 73 cents, or 1 percent, to settle at $77.62 a barrel. The global benchmark ...
Tasnim A noted British analyst specializing in the geopolitics of energy and Middle East energy affairs said Washingtons bid to sanction Iranian crude exports could trigger a dramatic shortfall in global supply, adding that the move could push oil prices up after sanctions kick in.
I expect Iranian exports to fall below 1 mb/d before the end of the ...
CNBC | Patti Domm: Saudi Arabia, the world's largest oil exporter, has become a source of market uncertainty just as the U.S. is about to curb Iran's oil exports.
Yet, oil prices are hovering near five-week lows, and the market does not show any concerns about a potential loss of supply.
The Iranian sanctions are expected to remove about 1 million ...
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