Tag Archives: International

Eurasia has granted preferential tariffs and exemptions from customs duties to 10 Iranian export goods since April 1, said the head of the Industry, Mine, and Trade Organization of Gilan Province.

OPEC oil supply in April is at its highest since December 2018, a company that tracks oil shipments said on April 28, as producers pump at will before a new supply-limiting pact takes effect in May. The month-on-month increase is more than 2 MMbbl/d, Daniel Gerber, CEO of Geneva-based Petro-Logistics, …

Iranian Foreign Minister Mohammad Javad Zarif and his Russian counterpart Sergey Lavrov discussed the latest plot devised by Washington to put more pressure on Iran.

The new coronavirus appears to linger in the air in crowded spaces or rooms that lack ventilation, researchers found in a study that buttresses the notion that Covid-19 can spread through tiny airborne particles known as aerosols.

China’s trade with Iran has reached a stunning new low. Data released Thursday by the Chinese customs administration show that declared imports of Iranian oil in March amounted to just $115 million, down 89%, year on year.

The global oil market is on track to test storage capacity limits in as little as three weeks, requiring the shut-in of nearly 20% of global production, according to Goldman Sachs Group Inc.

An historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that could cut output by 20% for the world’s biggest producer of oil and leave thousands of workers unemployed.

Romania is preparing to reopen after lockdown, but says its economy will never be the same again.

While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic …

The oil market is getting so glutted that tiny barges that would normally be busily moving fuels around Europe’s petroleum-trading hub are suddenly storing traders’ cargoes instead.