US oil back in positive territory
US oil prices rebounded back above zero Tuesday, a day after futures ended in negative territory for the first time.
Iran to Persian Gulf Neighbours: Ready to Talk with No Preconditions
The Foreign Ministry spokesman expressed Tehran’s readiness to hold negotiations with regional and the Persian Gulf countries without any preconditions.
Oil low on demand, warning situation
Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.
Oil Price May Slump Further If Deal Fails
Iran's former OPEC governor Mohammad Ali Khatibi believes if oil exporting countries do not respect their deal, the oil price may fall further.
Oil producers agree on 9.7m bpd output cut
OPEC, Russia and other oil-producing nations agreed on Sunday to cut output by a record amount, representing around 10 percent of global supply.
Slump in Oil Price to Intensify Sanctions Pressure
Chairman of Iran-China Joint Chamber of Commerce Majid-Reza Hariri says China’s oil imports from Iran have slumped
Iran Helping Oil Market Stability
Iran oil minister consulted with several foreign officials about plans to restore stability to the global oil market ahead of a meeting between OPEC and its allies.
Oil prices result in budget deficit in Russia
Budget deficit in Russia could reach 0.9% of gross domestic product (GDP) in 2020 at current oil prices, Finance Minister, Anton Siluanov said.
Oil price faces a 30% crash as markets open
Oil prices face a crash as much as 30% within seconds of the market opening on Sunday evening.
Iran, OPEC secretary-general talk on oil market
Iran Permanent Representative to the International Organizations in Vienna Kazem Gharibabadi and Secretary-General of the OPEC Mohammad Barkindo held a met and held talks on Thursday.