The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.
Read More »Protests in Favor of Affordable Prices and Elimination of Power Subsidies in Ecuador
US Sanctions Hit Global Oil Fleet
VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.
Read More »Aramco IPO could Break Records
The Aramco IPO will undoubtedly raise an enormous amount of capital. and prospects look good for the immediate future.
Read More »Putin Condemns Attack on Iranian Oil Tanker
The Russian leader urged Iran'.s neighbors to ``respect`` the interests of Tehran as a country that has ``existed on its territory for thousands of years``.
Read More »IEA Cuts Oil Demand Growth Forecasts for 2019. 2020
The IEA had cut its demand growth figures for the year but kept it unchanged for next year.
Read More »FM Underlines Iran`s Strong Opposition to N. Weapons
Iran'.s Leader has long made it abundantly clear that nuclear weapons are immoral and contravene Islamic principles.
Read More »Iran Carefully Investigating Oil Tanker Explosions
The appropriate response will be given to the perpetrators of this cowardly attack.
Read More »Iran’s Industry. Mine Sectors Experience 18% Growth
Iran’s non-oil exports reached 61 billion dollars over past 18 months.
Read More »Iran`s FOREX Reserves Increase Last Year
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20. 2019).
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