US Oil Companies Cutting Production Faster Than Expected
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
US Oil Prices Slide As Coronavirus Fuels Storage Fears
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.
US Oil Prices Falls due to Fears of Low Capacity
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.
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.
US sanctions made Iran ready to face unprecedented oil prices fall
First Vice President Es’hagh Jahangiri said on Tuesday that due to the US sanctions, Iran is in readiness for coping with the unprecedented drop in oil prices.
Gov’t to Fully Support Non-Oil Exports
First Vice President Eshaq Jahangiri says the government emphasizes non-oil exports and it will support non-oil exports despite its budget limitation.
Industry min. to focus on non-oil export this year , a top priority
Minister of Industry, Mine and Trade Reza Rahmani said hat his ministry will concentrate on exporting non-oil products in the current year [started March 21, 2020].
Compulsory Sales of Oil and Medicine to Iran is a Disaster
An outspoken economist and Al-Zahra University teacher believes compulsory sales of medicines and food to Iran by other countries is a disaster and Iran’s request for getting loan from the International Monetary Fund (IMF) is a mistake.
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.
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