Energy Economy

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

The United States withdrew from the Iranian nuclear deal on 8 May 2018 and imposed economic sanctions on Tehran'.s oil exports.

That’s according to the latest BEIS Public Attitude Tracker. which is now on its 30th wave of finding out what the UK public think about a variety of energy issues.

Up to 1.000 members of the public who own EVs and charge it at their homes will take part in the pilot project.

European countries should implement their commitments on ensuring the freedom of trade for Iran to preserve the nuclear deal.

Iran is exempt from an agreement between major global oil exporters to maintain cuts of 1.2 million bpd until March 2020.

Governor of the Central Bank of Iran Abdolnasser Hemmati said that Tehran is serious to support small and medium-sized enterprises (SMEs). adding that the government will fund SMEs with more than $2.4 billion by March 2020.

More than 225 million worth of non-oil commodities have been exported from the central Iranian province of Markazi in the first three months of the current local calendar year (March 21- June 21). which shows a year-on-year increase by 4%.

An Iranian airline and an Omani holding company signed an agreemnt to increase bilateral relations and joint cooperation in airport services.

Iran’s first quarter (based on the local calendar between March 21 and June 21) non-oil exports from the Southern port of Shahid Rajaei have increased by 10 percent compared with corresponding period in the last year.