Tag Archives: Market

The trade and tariff overhang is inescapable for oil markets.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

The biggest supply boost of 80.000 bpd came from Nigeria. Africa’s largest exporter.

Governor of Iran’s Central Bank aid that Tehran’s policies have fruited result and the country is now enjoying a stable economy 16 months after US President unilaterally withdrew Washington from the nuclear deal and later imposed tough sanctions against.

Governor of Iran’s Central Bank (CBI) Abdolnaser Hemmati said that the CBI will start implementing its first round of open market operation (OMO) policies by the end of the current month.

According to the data released by IRICA. the value of trade between Iran and Oman has increased to $870 million during the first seven months of this year from $557 million in the same period of time in the past year.

Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.

A new report from Global Market Insights predicts the sector will grow at a compound annual growth rate of more than 6% over the next several years.

The first of its kind in the UK. the Greenwich Energy Hero pilot launches this month. helping residents use less electricity. earn rewards and pave the way to a greener energy market.

There was currently a supply glut in the global oil market which was caused by the US shale boom.