Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a US airstrike on key Iranian and Iraqi military personnel.
International benchmark Brent crude...
President Hassan Rouhani inaugurated three dams and an irrigation network in the northwestern Ardabil Province on Wednesday.
Built at a cost of $30 million, the dams (Ahmadbiglou in Meshgin Shahr, Befrajerd in Khalkhal and Tazehkand in Germi) can store up to 41 million cubic meters of water,...
Household gas consumption reached 530 million cubic meters a day over the first 10 days (Dec. 22 – Dec. 31, 2019), dispatching director of National Iranian Gas Company said.
Mehdi Jamshidi Dana said households (in the 10 days) used 160 mcm/d more gas than the corresponding period of 2018, when...
Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged US-China trade war and ongoing supply cuts from major oil producers.
Brent gained about 23% in 2019 and WTI rose 34%, their biggest yearly...