Apple Inc’s gains surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the …

The value of Iran’s exports to Pakistan through the border in the southeast of the country has risen 26 percent during the first quarter of the current Iranian calendar year (March 20-June 20), compared to the same period of time in the previous year, an Iranian provincial official announced. Davoud …

Referring to two countries’ good relations in various fields, the Iranian President said that “The Islamic Republic of Iran is determined to develop friendly and brotherly relations and cooperation with Turkey in all fields.” Speaking in a telephone call with Turkish President Recep Tayyip Erdogan on Friday, Hassan Rouhani congratulated …

OPEC oil output has risen by more than 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other members made limited progress on compliance. The 13-member Organization of the Petroleum Exporting …

Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic, Royal Dutch Shell CEO Ben van Beurden said on Thursday. “Demand will take a long time to recover if it recovers at all,” van Beurden told reporters after the Anglo-Dutch energy company reported a …

Iraq’s crude oil exports have increased so far in July, shipping data showed and industry sources said, suggesting OPEC’s second-largest producer is still undershooting its production cut target under an OPEC-led deal. Exports from Basra and other southern Iraq terminals to July 29 averaged 2.75 million bpd, based on figures …

Iranian President’s Chief of Staff Mahmoud Vaezi said that lifting Iran’s arms embargo is one of the JCPOA’s most important commitments, stressing that JCPOA will not continue without lifting it. In a late Wednesday tweet, Vaezi wrote, “The recent measures by US officials to impose their will on members of …

Shell said on Thursday that it had booked a loss of $18.1 billion for the second quarter of 2020 compared to a profit of $3 billion in the same period last year. Shell explained that this included an impairment charge of $16.8 billion post-tax, $22.3 billion pre-tax, as a result …

The historic OPEC+ output cuts agreement has kept vast quantities of oil in the ground. This represents an opportunity for hedging these remaining barrels in their reservoirs and selling them at specified prices in the future. Mexico may be one of the few, if not the only, producer whose budget …

Iranian Foreign Ministry in an announcement on Wed. emphasized that Islamic Republic of Iran will pursue a complaint concerning its frozen assets against the South Korean banks in the international courts of justice. Iranian Ministry of Foreign Affairs reiterated, “No telephone calls have been made by the spokesperson of the …