Consumer prices in the United States spiked to a new high in February to 7.9 percent, the biggest monthly jump since 1982, forcing American families trying to pay for basic essentials such as rent, food, and gasoline to suffer even further.

TEHRAN (Iran News) – A senior energy official announced that Iran’s gasoline export, for now, includes some 25 million to 30 million liters per day as a result of the implementation of the gasoline rationing scheme that recently came back into force. Spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union Hamid Hosseini […]

TEHRAN (Iran News) – Car owners in several cities of Iran have taken to the streets to voice their protest in peacefull rallies over a sudden increase in fuel price and strict rationing of the strategic fuel. The National Iranian Oil Products Distribution Company (NIOPDC) said in a statement late Thursday that the price of […]

 Oil price on Monday experienced a considerable decline on Monday due to the increased opposition to Iran’s sanctions. Given the above issue, global price of oil hits a record low which was unprecedented in the recent years. If US seeks to reduce Iran’s oil exports, oil supply in the markets will drop by one million […]

TEHRAN – National Iranian Oil Company (NIOC) has raised the June official selling price (OSP) for all its crude grades loading for Asia, Platts reported quoting a company source as saying on Wednesday. As reported, The OSP for Iranian Light crude was raised by 70 cents per barrel to a premium of $2 per barrel […]

Oil has risen towards $70 as a result of a drop in drilling activity in the US and concerns that Washington could reintroduce sanctions against Iran.  “The Iranian factor is going to be a very significant input for the next four weeks. It is going to be an underlying support for the whole month,” Olivier […]

TEHRAN- According to OPEC’s latest monthly report published on February 12, Iran’s heavy oil price reached $65.85 in January, an increase of $4.98 or 8.2 percent from $60.87 in December. Based on the data presented, the country’s average heavy crude price stood at $51.90 in 2017. The report also put Iran’s oil production, based on […]

TEHRAN– Iranian light crude price which has started going up since the beginning of 2018 reached 68 dollars in the week leading to the 5th of January. Iran’s light crude oil price increased by 1.80 cents and reached $67.57 per barrel in the week leading to January 5, Friday. The average price for Iran’s light […]

TEHRAN – Iranian heavy crude oil price hit the record high $60.15 per barrel on Tuesday following the recent price surge in the oil market. The price rose by $2.45 per barrel or 4.2 percent to push Iranian crude price once again into the $60 range after two years. According to Reuters, oil prices surged […]