Energy Economy

The producers of the central Iranian province of Qom exported about 290,000 tons of non-oil products worth $220 million during the last fiscal year (ended March 19), a senior official said.

Monday’s crude oil price collapse may not have much impact on Indian refiners or on pump prices at least till June but could spoil the prospects of oil giants such as Saudi Aramco pouring billions to buy stakes in local refineries such as Reliance Industries Ltd, Bharat Petroleum Corporation or …

Earlier on Monday, the Kremlin’s press service reported that Putin and Maduro had a phone conversation discussing the situation on the world oil market MOSCOW, April 20. /TASS/. Venezuelan President Nicolas Maduro proposed holding a meeting of the committee to monitor the implementation of the OPEC+ agreement on May 10, …

Carers UK will use the money to help fund an extended hours service for its helpline as well as finance a range of other activities.

Urged the International Monetary Fund (IMF) to resist US pressure and approve its application for financing to help curb the coronavirus pandemic.

Consul General of Iran Mehdi Shoushtari met and held talks with governor of Sulaymaniyah Haval Abubakir on Sunday evening on the trade relations.

The world oil demand growth forecast for 2020 is revised lower by 6.9 million barrels per day (mb/d), to a historical drop of around 6.8 mb/d, said OPEC in its monthly market report. The contraction in the second quarter (2Q) of this year is expected to be around 12 mb/d, …

Despite the fall, a new report notes there are signs that demand is stabilising in those markets with lockdowns in place the longest.

First Vice President Es’hagh Jahangiri said that Iran needs export of non-oil commodities in the current year [started March 21, 2020] more than any other time and non-oil export is the main and top priority of the government.

Measures such as work-from-home, digital connectivity and mobile communications have been activated to ensure business continuity.