Energy Economy

That’s the suggestion from CAPA Centre for Aviation, a Sydney-based consultancy, which predicts the majority of the world’s airlines will be out-of-business by the end of May.

The global economy will begin to recover after the current situation with the novel coronavirus (COVID-19) stabilizes, Russian Prime Minister Mikhail Mishustin said during the government session on economic issues on Saturday. He added that Russia’s oil industry is ready for volatility on world markets. “Today, the global economy is …

The ENA has written to the customers it represents stating around 36,000 energy sector employees were working to ensure that homes in the UK stay powered.

Global oil demand could fall by more than 10 percent due to lockdowns spreading across Europe to fight the coronavirus outbreak as well as measures in the US, Vitol, the world’s largest oil trader, said on Friday. But the drop would be much higher if the virus prompts widespread lockdowns …

Iranian President Hassan Rouhani said the domestic economy has reflected a positive and growing trend in the oil and non-oil sectors in the current Iranian calendar year (started in March 2019), despite intensified US pressures on the country. Speaking on the sidelines of a cabinet meeting in Tehran on Wednesday, …

The total value of Iran’s trade transactions with foreign countries during the first 11 months of the current Iranian year (March 2019 – March 2020) has neared $80 billion, the latest data released by the country’s Customs Office showed.

According to research conducted by the Iranian Parliament Research Center (IPRC), the Islamic Republic of Iran stood higher than Turkey, Saudi Arabia, South Africa and Brazil in Industrialization Intensity Index.

Hemmat-Karaj Freeway was put into operation today in the presence of President Hassan Rouhani.

Refined copper cathode production by major Iranian smelters was stable in the 11-month period ending February 19 despite illegal American sanctions.

Latest official reports show that non-oil exports from Shahid Rajayee Port, Iran’s largest container port, has witnessed a rise by almost 4% between March 2019 and February 2020, in a comparison with the corresponding period in the last year.