Energy Economy

Some oil fields are set to suffer chaotic stoppages despite efforts by OPEC+ to mitigate the impact of coronavirus on global markets, the International Energy Agency warned. “Lockdown measures have caused unprecedented demand declines, whose speed and magnitude greatly exceed the normal market flexibility of supply,” the Paris-based IEA said …

The university has also asked its endowment office to engage with fund managers and request evidence of net zero carbon business plans.

President of the OPEC Conference and Algeria’s Minister of Energy Mohamed Arkab called on OPEC and non-OPEC countries to fully implement the oil production limiting agreement, OPEC says on its website on Saturday. “In the face of unprecedented difficulties facing the oil market, it is of the utmost importance that …

The historic oil deal meant to help crude prices rebound amid the coronavirus crisis has come into force. Starting today, global oil production is set to be slashed by nearly 10 million barrels per day. On April 12, the group known as OPEC+, which includes 13 members of the Organization …

It is predicted that Iran will witness $300 million worth of goods export’s hike to Afghanistan in the current year [started March 21, 2020] as compared to a year earlier.

Iranian President Hassan Rouhani and Turkmenistan President Gurbanguly Berdimuhamedow stressed broadening and enhancing cooperation in all fields.

Today many of the world’s major cities remain under lockdowns while their respective government is implementing work-from-home schemes.

Since Eurasian Economic Union (EAEU) has exempted all its member states from paying customs duties on main import products in order to minimize the negative economic consequences caused by the outbreak of coronavirus, COVID-19.

As the outbreak of coronavirus, also known as COVID-19, has shut down many industrial and production units and also has reduced steel production in world, Iran’s steel production experienced a 14.1 percent growth in Mar. 2020, World Steel Association (WSA) announced.

Seven investment contracts were concluded by the private sector during the last year and five more are underway in the first half of the current Iranian year.