Oil Market Deficit Next Year
The extension of the OPEC+ production cut deal by three to six months will swing the oil market into a deficit next year, TASS reported, citing documents produced by the joint ministerial committee
Oil Near $41 With OPEC+ Set to Meet on Output Hike Delay
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts.
Full impact of pandemic on Europe’s banks won’t be clear until 2021
The fallout from the coronavirus pandemic on Europe’s financial institutions will become more apparent in the coming months, according to a senior European banking official, and there could be one or two casualties in the sector.
Future of Transportation Industry during COVID-19 Pandemic
Mohammadreza Dezfulian, one of entrepreneurs and mangers of the logistics and transportation industry, has, in an analysis, weighed in on the importance of this industry during the corornavirus outbreak.
Oil climbs higher, hopes of OPEC+
The group, also known as OPEC+, has been cutting production by about 7.7 million barrels per day, with a compliance rate seen at 101% in October, and had planned to increase output by 2 million bpd from January.
Iran self-reliant in port construction sector
The Head of Coastal and Port Engineering department of PMO said Iran is self-reliant in the port construction sector and the majority of the maritime equipment in Iranian ports is domestic.
The $36 Trillion Bill for Neglecting Climate and Free Trade
In the Covid crisis, governments have struggled to find the right national policies—and also to coordinate an effective global response.
Eurozone Preliminary GDP
Eurozone Preliminary GDP arrives at 12.6% QoQ in Q3 vs. +12.7% expected
Oil soars 8% on promising vaccine results
Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine.
South Pars Gas Field Nears Completion
The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated US$116 billion at this point last year to US$135 billion now.