President Hassan Rouhani on Wednesday declared victory against the United States ahead of Sept. 20, the date when the US claims international sanctions against Iran will be restored.
During a Cabinet meeting, Rouhani pointed to the US move to trigger a return of UN sanctions on Iran and said, “I...
It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the organization’s six decades as a dominant force in global oil markets.
Instead, OPEC and its allies will convene online, and reflect on whether the coronavirus has thwarted their best efforts to keep the market...
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and falling fuel demand.
US West Texas Intermediate crude futures were up 18 cents, or 0.5%, at $37.51 a...
President Hassan Rouhani addressed universities in an online speech on Sunday, marking the start of a coronavirus-affected academic year.
Classes will be mostly held online in a majority of universities across the country to curb the chances of virus transmission on the campus and in dormitories...
The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining the oil market’s faith in the group’s unity in the cuts.
According to Bloomberg, the UAE shipped...
Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.
Brent crude was down 18 cents, or 0.5%, at $39.88 a barrel, after falling nearly 2% on Thursday, while US crude dropped 14 cents, or 0.4%, to...
Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.
Brent crude was up 44 cents, or 1.1%, at $40.22 a barrel after dropping more than 5% on Tuesday to fall...
Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic.
Brent crude was at $42.21 a barrel, down 45...
Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic.
A US government report showed domestic gasoline demand fell in the latest week. Middle distillates inventories...
Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah newspaper reported, citing the country's oil minister.
Ihsan Ismaael said Iraq will continue to trim its...