Kuwait Oil Budget Cut by 25%
State-owned Kuwait Oil Company announced a 25 percent reduction in its budget for the next five years.
Is Oil Market the Target of Interaction?
During those days that the Coronavirus pandemic had spread wave of fear and concerns worldwide
OPEC agree to extend oil production cuts through July
OPEC members and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices tentatively recover and coronavirus lockdowns ease.
OPEC, Russia set to extend oil cuts, push for compliance
OPEC, Russia, and their allies hold talks on Saturday on extending record oil production cuts that have doubled oil prices since April.
200 Industrial, Mineral Projects Worth 170000b Tomans
Acting Minister of Industry, Mine and Trade says developmental projects in different sectors of industries and mines are underway despite all international sanctions and restrictions
China Is Still Main Destination for Iran Exports
Spokesman to Iranian Oil, Gas and Petrochemical Products Exporters' Association says the slump in the oil price has affected Iran’s exports in terms of value, and the lockdown due to the Coronavirus pandemic has worsened the condition.
Saudi Arabia to Cut Oil Production in June
Saudi Arabia reportedly is planning to cut oil production in June by extra 1 million barrels per day.
Brent Climbs amid New Tensions
The price of a barrel of Brent crude oil climbed by more than nine percent to $22.25 (ICE) on Thursday after the US renewed its hostility towards Iran.
Zanganeh: OPEC can’t handle market situation on its own
Iran’s Oil Minister Bijan Namdar Zanganeh said the OPEC cannot solely handle the current market issues.
Rouhani: Oil Price Drop Harms Iran Less
Iran's economy would suffer fewer harms than other oil producers in the wake of the recent plunge in crude price, President Hassan Rouhani said.