The shortage of intravenous serum in drugstores and clinics has nothing to do with power cuts, the spokesman of Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
“As per contracts with industrialists, power supply to cement and steel producers has been limited over the...
Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are lifted, Iran’s outgoing oil minister, Bijan Namdar Zanganeh, said.
He made the statement in his...
Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in Covid-19 infections across the globe.
Brent crude futures for September, which expires on Friday, fell...
Oil prices were little changed on Monday, as investors balanced concerns about fuel demand from the spread of Covid-19 variants and floods in China against expectations of tight supplies through the rest of the year.
Brent crude futures for September fell 3 cents to $74.07 a barrel while US...
US investment bank Goldman Sachs said the OPEC+ agreement to boost oil supplies supports its view on oil prices and expects a modest “upside” from its summer forecast for Brent to reach $80 a barrel.
OPEC+, made up of the Organization of the Petroleum Exporting Countries, Russia and other...
Oil prices are sending mixed signals about the production-consumption balance in the second half of 2021 and early 2022, implying the market is currently tight but likely to see significantly more output in the near future.
In the physical market, Brent’s five-week calendar spread is trading...
OPEC forecast a gradual recovery in demand for its crude this year and next, as the group closes in on a deal to revive the production still shuttered since the pandemic.
The need for supplies from OPEC will continue to climb, remaining well above the group’s current output and exceeding pre-...
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic.
Brent crude for September was down 20 cents at...
Oil prices fell on Wednesday over fresh concerns about demand after data showed China's first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic.
Brent crude was down 8 cents, or 0.1%, at $76.41...
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.
Brent crude for September fell 15 cents, or 0.2%, to $75.40 a barrel while US West Texas Intermediate...