Oil Price Edges Lower as OPEC
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
Oil prices crashes down to a lower point by sluggish demand
TEHRAN (Iran News) – Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures LCOc1 fell by 14 cents, or 0.2%, to $59.28 a barrel by 0517 GMT. […]
Iranian oil prices increase in July as OPEC production falls
As the Iranian oil ministry reported, in July, the average price of Iranian crude stood at $62.65 per barrel, increasing 2.9 percent monthly, while the OPEC countries produced 29.609 million barrels of oil in the said month, registering a daily drop of 246,000 barrels compared to the preceding month.
Six reasons to purchase oil at IRENEX
There are several advantages for purchasing oil from Iran Energy Exchange (IRENEX) including the lower prices, smaller cargoes, easy conditions for participating the market, clearing the payments in rial and exporting the purchased cargoes to all over the world.
Supply concerns drive oil prices to highest level since Nov. 2018
Oil prices rallied by more than 2% on Monday to levels not seen since November 2018 following the market's growing concerns that the US may not renew the sanction waivers on Iranian oil, which will end early May.
Iranian heavy crude oil price grows $5.10 per barrel in Feb.: OPEC
According to OPEC’s latest monthly report, Iranian heavy oil price increased $5.10 per barrel in February, 2019, reaching $61.29.
U.S. to blame for tensions in oil market: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh has blamed U.S. for the tensions created in the oil market, Shana reported on Saturday.