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Iranpress: Oil slides as Saudi price cuts and incresing OPEC output

Oil slides as Saudi price cuts and incresing OPEC output

Monday, 08 January 2024 19:34

IP - Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East.

Iranpress: World oil, gas, coal demand to peak by 2030: IEA

World oil, gas, coal demand to peak by 2030: IEA

Tuesday, 24 October 2023 17:33

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency (IEA) said, undercutting the rationale for any rise in investment.

Iranpress: Iran regains pre-sanctions OPEC rank: Official

Iran regains pre-sanctions OPEC rank: Official

Thursday, 21 September 2023 05:07

Iran has regained its pre-sanctions position in the OPEC crude oil production table with an increase of more than 1 million barrels per day, said a senior official of the National Iranian Oil Company (NIOC).

Iranpress: Oil rises to highest in 2023 on tight supply expectations

Oil rises to highest in 2023 on tight supply expectations

Friday, 15 September 2023 05:47

Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising US crude inventories.

Iranpress: OPEC sticks to oil demand growth forecasts for 2023, 2024

OPEC sticks to oil demand growth forecasts for 2023, 2024

Wednesday, 13 September 2023 16:43

Robust global oil demand growth has been forecast in 2023 and 2024 by the Organization of the Petroleum Exporting Countries (OPEC), thanks to "resilient" global economic growth.

Iranpress: Russia becomes major oil exporters to India, China in June

Russia becomes major oil exporters to India, China in June

Friday, 11 August 2023 01:01

According to the August report of the Organization of the Petroleum Exporting Countries (OPEC), in June 2023, Russia became the largest supplier of oil to China and India for the fifth consecutive month.

Iranpress: Iran

Iran's gas exports have grown by 62%: OPEC

Sunday, 23 July 2023 21:02

(IP) – Iran's gas exports have grown by 62% over the past two years, according to OPEC.

Iranpress: Iran has returned to the fourth position in oil production within OPEC

Iran has returned to the fourth position in oil production within OPEC

Friday, 14 July 2023 21:17

IP- In June 2023, Iran produced 2.754 million barrels of oil, reclaiming its position from Kuwait after one year and seven months.

Iranpress: Iran’s oil minister, GECF head sit down to discuss gas market

Iran’s oil minister, GECF head sit down to discuss gas market

Friday, 07 July 2023 08:55

Vienna (IP)- Iranian Oil Minister and Secretary General of the Gas Exporting Countries Forum (GECF) held talks on the latest developments in the global gas market.

Iranpress: Oil deals worth of $40b in 20 months: Iran’s future offers ‘appealing’ to investors

Oil deals worth of $40b in 20 months: Iran’s future offers ‘appealing’ to investors

Wednesday, 05 July 2023 21:15

Vienna (IP) - Iran’s oil minister said on Wednesday his country had signed contracts worth $40 billion with domestic and foreign companies since 20 months ago.

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