Oil

Iran has always been seeking reasonable prices for oil which will encourage the producers to produce more oil and therefore stop the global market from destabilization.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

Despite the price adjustment. sour is still higher on the year.

World oil prices have increased after the trades held on Friday at the leading oil exchanges.

Iran'.s oil exports to India were over 50% higher than that of last fiscal year.

Russia committed to reduce oil production by 300.000 barrels a day.

Domestic natural gas production in 2017-2018 grew by 2.35 % to 32.64 bcm as compared to the year ago period.

The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector.

Oil turns higher as dollar moves. looming decision on Iran sanctions tug at market.

Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.