Tag Archives: Market

Crude oil output from OPEC would dip to 29.6 million barrels per day in 2020.

The main index in the Tehran Stock Exchange (TSE). the main Iranian bourse. has reached an unprecedented level to set an all-time record at the main stock market of the country.

Just shy of $100 a barrel -- that’s the cost of a type of crude that’s become prized thanks to the scramble for cleaner-burning fuels.

The rush to electrify transportation will shift to Europe from China in 2020 as carmakers and governments work to cut carbon emissions that lead to global warming.

The oil market has been driven in recent years by a surge of non-OPEC production that has outstripped demand.

Chinese EV makers believe that it’s now their second chance to try to manufacture good-quality electric cars.

They have signed a contract for investment in Arrival and for the joint development of electric vehicles.

Iran announced establishment of a special working group to promote relations and exchanges with the Eurasian member-states. adding that the needed grounds have been prepared to boost the country’s exports after concluding deals with the union.

Chinese purchases of U.S. liquefied natural gas (LNG) are unlikely to surge.

Saudi Arabia cut crude production to 9.68 million b d from 9.88 million b d in November.