Price
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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.
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WTI, April 20 and What Happened
TEHRAN (Shana) -- What happened on April 20, 2020 in the oil futures market? Why the benchmark US oil prices did headed to negative territory for May 20 delivery? Will the futures contract price for WTI crude for June 2020 also be negative? Why are the prices for some crude oil in the United States and Canada single-digit or negative? To get the answers to these questions, don't miss this report, which was sent to Shana by an oil market analyst familiar with the oil market.
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Iran Economy Least Affected by Falling Oil Prices: Rouhani
TEHRAN (Shana) -- Iranian President Hassan Rouhani said that falling oil prices would have the least impact on the Iranian economy as the country was not completely reliant on oil anymore.
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Iran Eyes Petrol Exports by Managing Consumption
TEHRAN (Shana) – The spokesman of the Rouhani Administration said the office was planning to turn Iran into an exporter of petrol by managing domestic consumption.
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Rouhani Admin to Decide on Petrol Price: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said: “I have no information regarding an increase in the price of petrol and the [Rouhani] administration makes a decision about this issue.”
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Iran Crude Oil Price Grows $2 Y/Y
TEHRAN (Shana) -- Iran's heavy crude oil price in the week that ended on February 22, 2019 grew $2.2 from the same period last year.
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Parliament Discards Multi-Price Petrol Bill
TEHRAN (Shana) -- Lawmakers at the Iranian parliament rejected a bill to increase the petrol price or impose several prices to the item.