Price
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Vice president: Subsidized gasoline prices will remain unchanged
SHANA (Tehran) – Iran’s vice president for executive affairs and chief of staff said Wednesday that subsidized gasoline prices of 15,000 and 30,000 rials per liter will remain unchanged, emphasizing that the real cost of gasoline for the government is 340,000 rials per liter.
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Gasoline price issue still under discussion: Gov’t spox
SHANA (Tehran) – The Iranian government has no immediate plans to raise gasoline prices, a spokesperson said Tuesday, though she acknowledged the need for a broader review of the issue.
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OPEC’s oil earnings dip—but not for four members
SHANA (Tehran) – OPEC data shows Iran’s oil export revenue increased by 14% in 2024.
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Oil prices extend losses on fears of recession, slower oil demand
Oil prices eased on Friday, extending losses from the two previous days and heading for a weekly decline, as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand.
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Iran Crude Price up for Asian Market
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has raised the official crude oil selling price for Asian customers in December.
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No Price Rise Planned for Energy Carriers
TEHRAN (Shana) -- The head of the Planning and Budget Organization said denied any increase in the price of energy carriers in the 1401 budget.
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Production Costs Trend as Oil Age Ends
TEHRAN (Shana) -- Crude oil extraction and production cost is an effective factor in oil pricing. Such costs vary from one spot to another, depending on the size and availability of oil reserves. Although most oil companies are unwilling to release precise data about oil production costs.However, estimates about costs of extracting oil from active fields in various countries are available. Comparing these costs would be key to analyzing the future of world oil markets. This data would show which countries can keep producing oil, even though in periods when prices keep falling. This issue takes up added significance in light of significant reduction in oil prices over recent years.