Parvin Faghfouri Azar

Iran’s 5-Month Trade with SCO Members Rises 31%

The value of Iran’s non-oil trade with member states of the Shanghai Cooperation Organization (SCO) has increased by 31 percent in the first five months of the current Iranian calendar year (March 21-August 22), according to the spokesman of the Islamic Republic of Iran Customs Administration (IRICA). Ruhollah Latifi said …

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Gazprom will See Revenues Surge 85% this Year

Russia’s gas giant Gazprom is set to rake in 85% higher revenues this year, to around $100 billion, as natural gas prices surged following the Russian invasion of Ukraine and the significant cut to Russian pipeline gas exports to Europe, an analyst told the Financial Times on Friday. By choking …

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Energy Crisis Pushes Germany to Lock in LNG for Decades

Germany’s energy crunch is forcing it to sign fossil-fuel contracts that last decades as the country balances keeping the lights on and homes heated against meeting environmental targets. Energy providers from Uniper SE to RWE AG have signed long-term agreements with liquefied natural gas suppliers, especially in the US, with …

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Oil Prices Rise despite Economic Concerns

Crude oil prices rose on Friday by 3% despite fears of a global recession which has pervaded the oil price narrative in recent weeks, weighing on prices. Friday’s price rise was precipitated not by bullish production or supply outages nor by any significant demand outlook increases. At 11:45 a.m. ET, …

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