International

Developing exports to the neighboring countries is the priority of the year and Iran is ready for new economic and trade cooperation with Russia in different industrial and mineral areas.

OPEC. Russia and other producers agreed to cut output by 1.2 million barrels per day (bbl d) from January for six months to boost oil prices by reducing global inventories.

The debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps.

A senior Iranian economic official announced negotiations with the Uzbek officials to launch direct flights between the two countries.

Fiat Chrysler has made a transformative merger proposal to Renault. the Italian-American carmaker said. in a deal that would create a new third-ranked global manufacturer.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

European states had to do more to preserve the 2015 nuclear deal in the face of the US withdrawal last year.

U.S. crude inventories are the highest since July 2017.

The UK will need additional 28.000 public charging points for electric vehicles (EVs) by 2030.

Crude inventories rose 4.7 million barrels in the week ended May 17. compared with analysts'. expectations for a decrease of 599.000 barrels.