Tehran 30 April_Oil prices jumped on Thursday following reports that US crude stockpiles increased less than expected and that gasoline demand battered by coronavirus restrictions is beginning to rise.
Tehran 24 April _A telephone call last month between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman degenerated into a shouting match just before Riyadh decided to flood the market with oil in a move which sent prices spiraling.
Oil extended its slide, falling to the lowest in more than two decades, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope with plunging demand.
A group of 13 US senators from oil producing states have threatened to take measures against Saudi Arabia for continuing a crude price war with Russia that has damaged US producers.
Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday's trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Tehran 12 March_Oil prices have plunged a further six percent Thursday after US President Donald Trump announced travel restrictions on Europe to combat the spread of the coronavirus, ramping up fears of more recession.
Tehran 26 February _Iranian Foreign Minister Mohammad Javad Zarif has underscored a confession by US President Donald Trump that the Islamic Republic hates the Daesh Takfiri terrorist group, and that the presence of American forces in Syria was for plundering the Arab country's oil resources.
Tehran 4 February _OPEC and non-OPEC producers may shave another 500,000 barrels per day off their oil output as the impact from a coronavirus epidemic is weighing on the market.
Tehran 3 February _A crude oil spill near Baytown, Texas, has restarted after earlier being contained, US Coast Guard officials said in an updated statement on Sunday.
Tehran 21 January_Iran has exported $32 billion of non- oil goods so far in the current Persian year ending March 21, 2020, shoring up its economy which is under severe pressure from unprecedented US sanctions.
Tehran 12 January_US President Donald Trump has once again revealed his intention to take possession of Syrian oil in what is seen by experts as a move that would amount to a war crime.
TEHRAN, Dec 26_A senior advisor to Syrian President Bashar al-Assad says Damascus plans to file a lawsuit against Washington for plundering the Arab country’s oil resources.
TEHRAN, Dec 24_A cargo vessel overturned while being loaded in San Cristobal, Ecuador on Sunday (December 22), polluting the pristine waters of the Galapagos National Park with 600 gallons of diesel.
TEHRAN, Dec 19_The National Iranian Oil Company (NIOC) is offering significant discounts for a planned sell-off of crude and condensates in a local energy bourse as the government tries to use the mechanism to bypass the American sanctions imposed on direct oil exports.
TEHRAN, Nov 13_Oil prices dipped on Wednesday as prospects for a trade deal between the United States and China dimmed, weighing on the outlook for the global economy and energy demand.
TEHRAN, Nov 8_Political commentator Kevin Barrett believes US smuggling of Syrian oil shows that Washington’s claims of establishing democracy or defending human rights in the region are not true.
TEHRAN, Nov 7_A tornado blasted through an olive oil factory in the southern Greek town of Kalamata on Monday, tearing apart warehouses and sending debris flying through the air.
TEHRAN, oct 29_Iran’s Parliament Speaker Ali Larijani denounced the US government for fomenting wars for the purpose of plundering the Middle East’s oil resources.
TEHRAN, oct 19_U.S. oil major Chevron Corp (CVX.N) said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington’s effort to oust President Nicolas Maduro.