The supply for the European market can soon grow to 80.000 vehicles per year.

China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.

Police forces busted 18.000 liters of smuggled Kerosene in Eslamabad-e Gharb. Kermanshah province.

In separate meetings. Iranian Foreing Minister Zarif. his Russian counterpart Sergey Lavrov and EU foreign policy chief Josep Borrell discussed Iran nuclear deal.

A project has been launched in the north western city of Miandoab to link Tabriz Petrochemical Company (TPC) to West Ethylene Pipeline which will enhance the plant’s output remarkably.

Iran’s petrochemical industry will witness a significant jump by 2021.

Oil rose for a third session. the longest winning streak since early January. after the World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.

Amazon.com Inc.’s founder and chief executive officer disposed of 2 million shares in the past week. collecting more than $4 billion.

Renault SA moved to reassure investors by dangling the prospect of cost cuts and assets sales after posting its first annual loss in a decade.

Deutsche Bank now expects a slight contraction in the fourth quarter. and cast doubt on the prospect of any rebound at the start of 2020.