TEHRAN, Jan 5 - Iran’s deputy oil minister for trade and international affairs says despite US pressure, the number of potential oil customers of the Iranian oil has increased significantly due to "a competitive market and greed of more profits."
TEHRAN, Jan 4 - Ecuador's President Lenin Moreno on Thursday asked the country's prosecutor to probe $4.9 billion of oil -related infrastructure projects, alleging that the OPEC nation's money was looted during the decade-long tenure of his leftist predecessor.
TEHRAN, Jan 2 - Oil prices fell on Wednesday on the back of surging U.S. crude production and concerns about an economic slowdown in 2019, as China’s factory activity showed signs of contraction.
TEHRAN, December 31 -Oil prices climbed on the final trading day of the year on Monday, mirroring gains in stock markets, but were on track for the first yearly decline in three years amid lingering concerns of a persistent supply glut.
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China
TEHRAN, December 26 - Iran plans to sell 3 million barrels of crude oil to private companies in the third round of sales aimed at bypassing US sanctions, Minster of Petroleum Bijan Zangeneh says.
TEHRAN, December 26 -Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market.
TEHRAN, December 22 -Crude oil prices fell Friday morning as the selloff extended and traders tested support levels amid widespread views that the market is oversupplied and that economic growth may slow.
TEHRAN, December 20 -Crude oil prices were nearly flat early Wednesday after a Tueday selloff, as continued bearishness failed to attract buyers even at the lower price levels and investors turned to other instruments like bonds.
TEHRAN, December 19 - U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure.
TEHRAN, December 18 - Iran is currently scouring 60 percent of its total area for new oil and gas reserves, including in places which were deemed until recently the least likely to have hydrocarbon-bearing formations.
TEHRAN, December 17 -Ibe Kachikwu, Nigeria's oil minister, said the West African country's oil production may rise 60 percent by 2020, as the offshore Egina project comes online and as the country invests to recover output, in parallel to efforts to fight alleged bribing corruption involving two oil multinationals.
TEHRAN, December 13_Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing.
TEHRAN, December 12 -Oil prices climbed by more than 1 percent on Wednesday amid a broad stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilize the supply-demand balance.
TEHRAN, December 10 -Brent crude oil prices climbed on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed a supply cut of 1.2 million barrels per day (bpd) from January.
TEHRAN, December 06 _U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end.
TEHRAN, December 05 - Iranian First Vice-President Eshaq Jahangiri highlighted the country’s policy to reduce its reliance on oil exports and said it is unlikely that the oil revenues’ share in the budget for the next Iranian fiscal year will be more than 25 percent.
TEHRAN, December 03 - Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices.
TEHRAN, December 02 -Official figures show Iran had a trade surplus of $2 billion over a period of eight months starting 21 March 2018 in what could be an indication that the country’s economy is still doing well in face of US sanctions.
TEHRAN, December 01 - Iran has finalized a deal with South Korea to trade oil for goods as part of a larger strategy to bypass US sanctions re-imposed on the country following Washington's unilateral withdrawal from the 2105 Iranian nuclear deal.