Tuesday, 20 April , 2021
OIL Archives - Iran News Daily
Russia, Iran, Syria working to secure oil, wheat shipments to Arab country 19 Apr 2021

Russia, Iran, Syria working to secure oil, wheat shipments to Arab country

Iran, Russia and Syria have established an operations room to secure a safe and stable flow of oil supplies, wheat and some other essential materials to the Arab country via the Mediterranean, private sources have revealed to Sputnik Arabic.

There Is No Cheap Oil 12 Apr 2021
By: Hamid Reza Naghashian

There Is No Cheap Oil

Media attack and hype regarding Iran and China’s economic cooperation agreement by the domestic and foreign currents, and especially by those who western blood is boiling in their veins and have engaged a country with their imported delusion in their minds despite all rational reasons, assigns one to stand against these mischievous distortions which are seen among the news reports by disclosing the truth in order to make aware the dear and resistant people of this revolutionary country against these mischievous inductions.

Oil Prices Slip As U.S. Rig Count Falls 13 Mar 2021

Oil Prices Slip As U.S. Rig Count Falls

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell by 1 this week. The total number of active oil and gas rigs in the U.S. is now at 402—or 390 fewer than this time last year.

OPEC+ Surprise Sends Oil Past Gulf Budget-Balancing Levels 08 Mar 2021

OPEC+ Surprise Sends Oil Past Gulf Budget-Balancing Levels

Oil soared past fiscal breakeven prices for the Middle East’s four biggest producers after OPEC+ kept output largely unchanged and an attack on a highly protected Saudi Arabian oil facility.

Oil extends gains on OPEC+ supply restraint 06 Mar 2021

Oil extends gains on OPEC+ supply restraint

Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market 02 Mar 2021

Oil Falls With OPEC+ Meeting Hovering Over Tightening Market

Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.

Goldman Sees Brent Oil at $75 22 Feb 2021

Goldman Sees Brent Oil at $75

Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale, and Iran, according to Goldman Sachs Group Inc.

Is This Oil Rally The Start Of Something Much Bigger? 17 Feb 2021

Is This Oil Rally The Start Of Something Much Bigger?

Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.

Oil hits highest level in one year 06 Feb 2021

Oil hits highest level in one year

Oil prices hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.

Goldman Bullish On Oil, Relief Package 23 Jan 2021

Goldman Bullish On Oil, Relief Package

Oil prices will be supported this year by the upcoming massive economic stimulus package in the United States and the low probability of much Iranian oil returning to the global market, according to Goldman Sachs.